Vedda James M. 4
4 · AVID TECHNOLOGY, INC. · Filed Feb 8, 2011
Insider Transaction Report
Form 4
Vedda James M.
SVP of Worldwide Sales
Transactions
- Award
Performance Rights (Restricted Stock Units)
2011-02-04+8,750→ 8,750 totalExp: 2022-03-31→ Common Stock (8,750 underlying) - Award
Employee Stock Option (Right to Buy)
2011-02-04+75,000→ 75,000 totalExercise: $19.08Exp: 2018-02-04→ Common Stock (75,000 underlying) - Award
Common Stock
2011-02-04+8,750→ 8,750 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. 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.
- [F3]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 75% of the shares will vest in 36 equal monthly installments thereafter.