Parisi Paige 4
4 · AVID TECHNOLOGY, INC. · Filed Mar 4, 2010
Insider Transaction Report
Form 4
Parisi Paige
VP & General Counsel
Transactions
- Tax Payment
Common Stock
2010-03-03$13.99/sh−303$4,239→ 11,829 total - Award
Employee Stock Option (Right to Buy)
2010-03-02+30,000→ 30,000 totalExercise: $13.99From: 2011-03-02Exp: 2017-03-02→ Common Stock (30,000 underlying) - Award
Performance Rights (Restricted Stock Units)
2010-03-02+15,000→ 15,000 totalExp: 2021-03-31→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Represents shares withheld to satisfy tax withholding obligation upon the vesting on March 3, 2010 of 25% of the restricted stock awarded to the reporting person on March 3, 2008. This award includes a provision for the withholding of shares to pay the withholding taxes due on the vesting date.
- [F2]25% of the shares underlying the option vest on the date listed; the remaining 75% 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.