SEC Form 4 · accession 0001591000-16-000030
AVID TECHNOLOGY, INC. · AVID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan H Murray
Officer — VP & Chief Accounting Officer · Other
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 4:53 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 StockF2,F3 | May 9, 2016 | S | 9,263 | $5.5713 | D | 14,742 | D | |
| Common StockF4 | May 9, 2016 | P | 9,263 | $5.566 | A | 9,263 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale of shares from Mr. Murray's direct holdings and purchase through his IRA investment retirement account were for tax planning purposes. Mr. Murray has agreed to disgorge any short swing profit generated from these transactions.
- F2The price reported in Column 4 is a weighted average price. The shares were sold on May 9, 2016 in multiple transactions at prices ranging from $5.57 to $5.58, 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.
- F3Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
- F4The price reported in Column 4 is a weighted average price. The shares were acquired on May 9, 2016 in multiple transactions at prices ranging from $5.5643 to $5.58, 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.