4//SEC Filing
AVID TECHNOLOGY, INC. 4
Accession 0000899243-16-015830
CIK 0000896841operating
Filed
Mar 10, 7:00 PM ET
Accepted
Mar 11, 8:05 PM ET
Size
8.0 KB
Accession
0000899243-16-015830
Insider Transaction Report
Form 4
Lowenstein Richard M
SVP, Avid Global Services
Transactions
- Award
Common Stock
2016-03-09+29,787→ 72,010 total - Award
Performance Rights (Restricted Stock Units)
2016-03-09+29,787→ 29,787 totalExp: 2020-01-01→ Common Stock (29,787 underlying)
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, 2016, and the remaining 66.66% in equal 8.33% 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 the Issuer's stock price in 2016, 2017 or 2018 or the achievement of certain financial metrics in 2016. 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.
Documents
Issuer
AVID TECHNOLOGY, INC.
CIK 0000896841
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000896841
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 7:00 PM ET
- Accepted
- Mar 11, 8:05 PM ET
- Size
- 8.0 KB