SEC Form 4 · accession 0000896841-17-000191
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason A Duva
Officer — General Counsel & SVP, Strateg · Other
Period of report
Dec 9, 2017
Accepted (ET)
Dec 11, 2017 · 5:14 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 | Dec 9, 2017 | F | 534 | $5.90 | D | 127,872 | D | |
| Common StockF2 | Dec 9, 2017 | F | 918 | $5.90 | D | 126,954 | D |
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 December 9, 2017 of 8.34% of the restricted stock units awarded on March 9, 2015. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
- F2Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on December 9, 2017 of 8.34% of the restricted stock units awarded on March 9, 2016. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.