Vedda James M. 4

4 · AVID TECHNOLOGY, INC. · Filed Feb 8, 2011

Form 4

Period: 2011-02-04

SVP of Worldwide Sales

Transactions

Award
Common Stock
[F1]
2011-02-04+8,750→ 8,750 total
Award
Performance Rights (Restricted Stock Units)
[F2]
2011-02-04+8,750→ 8,750 total
Exp: 2022-03-31→ Common Stock (8,750 underlying)
Award
Employee Stock Option (Right to Buy)
[F3]
2011-02-04+75,000→ 75,000 total
Exercise: $19.08Exp: 2018-02-04→ Common Stock (75,000 underlying)

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.

Signature

/s/ John S. LaMountain as Attorney-in-Fact for James M. Vedda|2011-02-08

Documents

1 file