Lawrence Glover 4
4 · AVID TECHNOLOGY, INC. · Filed Feb 18, 2011
Insider Transaction Report
Form 4
Lawrence Glover
VP of Corporate Development
Transactions
- Award
Common Stock
2011-02-16+7,500→ 11,884 total - Award
Performance Rights (Restricted Stock Units)
2011-02-16+7,500→ 7,500 totalExp: 2022-03-31→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]Represents restricted stock unit award that will vest on a time-based schedule as follows: 25% of the shares vest on the first anniversary of the grant date and the remaining 75% vest in equal 6.25% installments every three months thereafter ending on the fourth anniversary of the grant date as long as Mr. Lawrence is still employed by the Company on each such vesting date. Each restricted stock unit represents a contingent right to receive one share of AVID common stock. This award includes a provision for the withholding of shares to pay the withholding taxes due on each vesting date.
- [F2]Represents restricted stock unit award that will vest on a performance-based schedule tied to AVID's stock price or the achievement of certain financial metrics. Each restricted stock unit represents a contingent right to receive one share of AVID common stock. This award includes a provision for the withholding of shares to pay the withholding taxes due on each vesting date.