SEC Form 4 · accession 0000896841-18-000048

AVID TECHNOLOGY, INC. · AVID

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO & President · Director

Period of report

Mar 26, 2018

Accepted (ET)

Mar 27, 2018 · 4:07 pm EDT

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 Stock^F1	Mar 26, 2018	A	226,757	$0.00	A	692,451	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Rights (Restricted Stock Units)^F2	—	Mar 26, 2018	A	226,757	A	—	Mar 15, 2021	Performance Rights (Restricted Stock Units)	226,757	226,757	D

F1Represents an award of restricted stock units ("RSUs") that will vest on a time-based vesting schedule as follows: 33.33% on the second anniversary of the grant date of March 26, 2018, 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 requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
F2Represents an award of RSUs which vest on a performance-based schedule based on the AVID relative total shareholder return (rTSR) to the Russell 2000 index in 2019, 2020 and 2021. 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 required withholding taxes due on each such vesting date.