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Filing Details

Accession Number:: 0001378848-16-000020
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-08-16 20:48:29
Reporting Period:: 2016-08-12

Filing Date:: 2016-08-16
Accepted Time:: 2016-08-16 20:48:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
896841	Avid Technology Inc.	AVID	Photographic Equipment & Supplies (3861)	042977748

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1378848	W. John Frederick	Avid Technology, Inc. 75 Network Drive Burlington MA 01803		No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-08-12	43,953	$7.87	131,505	No	4	M	Direct
Common Stock	Disposition	2016-08-12	43,953	$8.77	87,552	No	4	S	Direct
Common Stock	Acquisiton	2016-08-12	8,860	$7.87	96,412	No	4	M	Direct
Common Stock	Disposition	2016-08-12	8,860	$8.76	87,552	No	4	S	Direct
Common Stock	Acquisiton	2016-08-12	100,000	$7.87	187,552	No	4	M	Direct
Common Stock	Disposition	2016-08-12	100,000	$8.87	87,552	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2016-08-12	43,953	$0.00	43,953	$7.87
Common Stock	Employee Stock Option (right to buy)	Disposition	2016-08-12	8,860	$0.00	8,860	$7.87
Common Stock	Employee Stock Option (right to buy)	Disposition	2016-08-12	100,000	$0.00	100,000	$7.87

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-05-11	2016-11-01	No	4	M	Direct
0	2014-02-11	2016-11-01	No	4	M	Direct
20,000	2014-02-11	2016-11-01	No	4	M	Direct

Footnotes

The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on August 12, 2016 in multiple transactions at prices ranging from $8.70 to $8.80, 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 sold at each separate price within the ranges set forth in this footnote.
The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on August 12, 2016 in multiple transactions at prices ranging from $8.74 to $8.77, 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 sold at each separate price within the ranges set forth in this footnote.
The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on August 12, 2016 in multiple transactions at prices ranging from $8.79 to $8.90, 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 sold at each separate price within the ranges set forth in this footnote.
The option vests in equal 6.25% increments every three months, with the first vesting date on May 11, 2013, provided the Reporting Person is still employed by the Company on each such vesting date. The option was vested and exercisable on May 11, 2016.
The option vests in equal 8.33% increments every three months, with the first vesting date on February 11, 2014, provided the Reporting Person is still employed by the Company on each such vesting date. The option was vested and exercisable on May 11, 2016.
The option was vested and exercisable on February 11, 2014.