SEC Form 4 · accession 0001566407-16-000019
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Rosica
Officer — SVP Chief Sales & Mktg Officer
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 4:17 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 | Mar 9, 2016 | F | 3,590 | $7.05 | D | 80,653 | 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 March 9, 2016 of 33.3% of the restricted stock units awarded on March 9, 2015. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.