SEC Form 4 · accession 0001270266-16-000021
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 17, 2016
Accepted (ET)
May 18, 2016 · 4:11 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 17, 2016 | P | 69,000 | $5.9703 | A | 319,000 | I | By BD Capital Partners GP, LLC |
| Common StockF3 | holding | — | — | — | 516,707 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were acquired on May 17, 2016 in multiple transactions at prices ranging from $5.7812 to $6.00, inclusive. The reporting person undertakes to provide to any security holder of Avid Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F2The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F3Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.