4//SEC Filing
AVID TECHNOLOGY, INC. 4
Accession 0001408162-15-000002
CIK 0000896841operating
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:29 PM ET
Size
7.9 KB
Accession
0001408162-15-000002
Insider Transaction Report
Form 4
Lowenstein Richard M
SVP, Avid Global Services
Transactions
- Award
Common Stock
2015-03-09+21,367→ 47,874 total - Award
Performance Rights (Restricted Stock Units)
2015-03-09+21,367→ 21,367 totalExp: 2018-01-01→ Common Stock (21,367 underlying)
Footnotes (2)
- [F1]Represents an award of restricted stock units ("RSUs") that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 9, 2015, and the remaining 66.66% in equal 8.25% installments every 3 months thereafter, provided the reporting person continues to be employed by Avid Technology, Inc. (the "Issuer") on each such vesting date. Each RSU represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on each such vesting date.
- [F2]Represents an award of RSUs that will vest on a performance-based schedule tied to AVID's stock price in 2015, 2016 or 2017 or the achievement of certain financial metrics in 2015. Each RSU represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on each such vesting date.
Documents
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000896841
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 5:29 PM ET
- Size
- 7.9 KB