SEC Form 4 · accession 0001378848-15-000007
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John W. Frederick
Officer — EVP, CFO & Chief Admin Officer
Period of report
Aug 11, 2015
Accepted (ET)
Aug 13, 2015 · 5:56 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 | Aug 11, 2015 | F | 1,180 | $8.54 | D | 144,097 | D | |
| Common StockF2 | Aug 12, 2015 | F | 1,356 | $9.40 | D | 142,741 | D | |
| Common StockF3 | Aug 13, 2015 | A | 10,000 | $9.70 | A | 152,741 | 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 May 11, 2015 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.
- F2Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on May 12, 2015 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.
- F3The price reported in Column 4 is a weighted average price. The shares were purchased on August 13, 2015 in multiple transactions at prices ranging from $9.96 to $9.70, 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.