SEC Form 4 · accession 0000896841-18-000159
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
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 4:12 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 7, 2018 | F | 4,072 | $6.06 | D | 668,530 | D | |
| Common StockF2 | Dec 8, 2018 | F | 3,623 | $6.06 | D | 664,907 | D | |
| Common StockF3 | Dec 9, 2018 | F | 2,229 | $6.06 | D | 662,678 | 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 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 December 8, 2018 of 8.33% 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.
- F3Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on December 9, 2018 of 8.33% 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.