AVID TECHNOLOGY, INC. 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 11, 2015
Insider Transaction Report
Form 4
Gahagan Chris
SVP of Products
Transactions
- Award
Performance Rights (Restricted Stock Units)
2015-03-09+39,447→ 39,447 totalExp: 2018-01-01→ Common Stock (39,447 underlying) - Award
Common Stock
2015-03-09+39,447→ 188,134 total
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.