SEC Form 4 · accession 0000896841-18-000013
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Rosica
Officer — CEO & President · Director
Period of report
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 4:32 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 | Mar 7, 2018 | F | 4,507 | $5.11 | D | 294,806 | D | |
| Common StockF2 | Mar 8, 2018 | F | 14,376 | $5.09 | D | 280,430 | 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 March 7, 2018 of 8.33% of the restricted stock units awarded on December 7, 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.
- F2Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 8, 2018 of 33.33% of the restricted stock units awarded on March 8, 2017. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.