SEC Form 4 · accession 0001591000-16-000038

AVID TECHNOLOGY, INC. · AVID

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP & Chief Accounting Officer · Other

Period of report

Aug 18, 2016

Accepted (ET)

Aug 22, 2016 · 5:45 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 Stock^F1	Aug 18, 2016	M	50,000	$7.40	A	64,273	D
Common Stock^F1	Aug 18, 2016	F	44,070	$9.42	D	20,203	D
Common Stock	holding	—	—		—	9,263	I	By IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F3	$7.40	Aug 18, 2016	M	50,000	D	May 14, 2014	May 14, 2021	Common Stock	50,000	0	D

F1Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
F2The reporting person exercised his options in a cashless net settlement exercise with the Company. The disposition of shares reflects the disposition of shares in connection with the payment of the exercise price as well as withholding taxes.
F3The option vests as follows: (i) on the date the Company's registration statement covering the exercise of the option is effective (the "Effective Date") the vested number of shares shall equal (A) 33.33% of the shares plus (B) an additional 8.25% of the shares for each three-month period, starting from April 26, 2014 that is completed on or before the Effective Date, and (ii) thereafter the shares shall vest in equal installments of 8.25% of the shares upon the conclusion of each three-month period (starting from April 26, 2014) that ends after the Effective Date, with the first vesting date on May 14, 2014, provided that the officer is employed by the Company on such vesting date. The option was fully vested and exercisable on April 26, 2016.