Greenberg Ronald S 4
4 · AVID TECHNOLOGY, INC. · Filed Sep 9, 2010
Insider Transaction Report
Form 4
Greenberg Ronald S
SVP of Marketing
Transactions
- Award
Performance Rights (Restricted Stock Units)
2010-09-07+7,500→ 7,500 totalExp: 2021-03-31→ Common Stock (7,500 underlying) - Award
Employee Stock Option (Right to Buy)
2010-09-07+75,000→ 75,000 totalExercise: $11.34Exp: 2017-09-07→ Common Stock (75,000 underlying) - Award
Common Stock
2010-09-07+10,000→ 10,000 total
Footnotes (3)
- [F1]Represents restricted stock unit award that will vest in four equal annual installments beginning on the first anniversary of the grant date. This award includes a provision for the withholding of shares to pay the withholding taxes due on the vesting date.
- [F2]47,500 shares will vest on a performance-based schedule tied to AVID's stock price or the achievement of certain financial metrics; and 27,500 shares will vest on a time-based schedule as follows: 25% of the shares will vest on the first anniversary of the grant date and the remaining shares will vest in 36 equal monthly installments thereafter.
- [F3]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.