SEC Form 4 · accession 0001270266-16-000017
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Hernandez Jr.
Officer — Chairman, Pres. & CEO · Director
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 4:13 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 | May 11, 2016 | F | 2,899 | $5.72 | D | 520,302 | D | |
| Common StockF3,F2 | May 12, 2016 | F | 3,595 | $5.52 | D | 516,707 | D | |
| Common StockF4 | holding | — | — | — | 150,000 | I | By BD Capital Partners GP, LLC |
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 May 11, 2016 of 6.25% of the restricted stock units awarded on February 11, 2013. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- F2Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- F3Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on May 12, 2016 of 8.33% of the restricted stock units awarded on November 13, 2014. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
- F4The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.