SEC Form 4 · accession 0001468883-15-000007
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher C. Gahagan
Officer — SVP of Products & Technology
Period of report
May 24, 2015
Accepted (ET)
May 27, 2015 · 4:42 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 | May 24, 2015 | F | 304 | $17.04 | D | 185,232 | 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 24, 2015 of 6.25% of the restricted stock units awarded on February 12, 2012. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.