SEC Form 4 · accession 0000896841-17-000013
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Hernandez Jr.
Officer — Chairman & CEO · Director
Period of report
Feb 11, 2017
Accepted (ET)
Feb 14, 2017 · 6:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896841
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 11, 2017 | F | 2,319 | $5.55 | D | 486,591 | D | |
| Common StockF3,F2 | Feb 12, 2017 | F | 2,436 | $5.55 | D | 484,155 | D | |
| Common Stock | holding | — | — | — | 319,000 | I | By BD Capital Partners GP, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on February 11, 2017 of 6.25% of the restricted stock units awarded on February 11, 2013. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- F2Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- F3Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on February 12, 2017 of 8.33% of the restricted stock units awarded on November 13, 2014. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.