SEC Form 4 · accession 0000896841-19-000010
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan H Murray
Officer — VP & Chief Accounting Officer · Other
Period of report
Mar 8, 2019
Accepted (ET)
Mar 11, 2019 · 4:15 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 StockF1,F2 | Mar 8, 2019 | F | 381 | $4.43 | D | 27,345 | D | |
| Common StockF3 | Mar 9, 2019 | F | 257 | $4.43 | D | 27,088 | D | |
| Common Stock | holding | — | — | — | 9,263 | I | By IRA |
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 8, 2019 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.
- F2Total amount of securities beneficially owned reduced by 593 shares from the amount reported on a Form 4 filed on December 11, 2018. The adjustment is due to an administrative error in reconciling the beneficial ownership number on previous Form 4 filings dated between July and October of 2015.
- F3Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 9, 2019 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.