Lawrence Glover 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 4, 2010
Insider Transaction Report
Form 4
Lawrence Glover
VP of Corporate Development
Transactions
- Award
Employee Stock Option (Right to Buy)
2010-03-02+20,000→ 20,000 totalExercise: $13.99From: 2011-03-02Exp: 2017-03-02→ Common Stock (20,000 underlying) - Award
Performance Rights (Restricted Stock Units)
2010-03-02+10,000→ 10,000 totalExp: 2021-03-31→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]25% of the shares underlying the option vest on the date listed; the remaining 75% vest in 36 equal monthly installments thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive one share of AVID common stock. The restricted stock units vest on a performance-based schedule tied to AVID's stock price or the achievement of certain financial metrics. This award includes a provision for the withholding of shares to pay the withholding taxes due on the vesting date.