SEC Form 4 · accession 0001270266-15-000010
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Hernandez Jr.
Officer — President, CEO & Chairman · Director
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 5:00 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,F3 | Nov 11, 2015 | F | 2,930 | $6.13 | D | 334,525 | D | |
| Common StockF2,F3 | Nov 12, 2015 | F | 3,633 | $6.49 | D | 330,892 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld to satisfy tax withholding obligations upon the vesting on November 11, 2015 of 6.25% of the restricted stock awarded to the reporting person on February 11, 2013. This award includes a provision for the automatic withholding of shares to pay the withholding taxes due on the vesting date.
- F2Represents shares withheld to satisfy tax withholding obligations upon the vesting on August 12, 2015 of 8.33% of the restricted stock awarded to the reporting person on November 13, 2014. This award includes a provision for the automatic withholding of shares to pay the withholding taxes due on the vesting date.
- F3Includes shares acquired under the Issuer's Employee Share Purchase Plan based upon the most current data available.