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Home > Insider Trading > Filing (0000896841-22-000038)

Filing Details

Accession Number:
0000896841-22-000038
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-16 21:30:20
Reporting Period:
2022-03-14
Accepted Time:
2022-03-16 21:30:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
896841 Avid Technology Inc. AVID Services-Prepackaged Software (7372) 042977748
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1651536 Dana Ruzicka 75 Network Drive
Burlington MA 01803		 Svp & Gm Audio And Music No Yes No No
Reported Non-Derivative Transactions
Show Other Fields >>
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2022-03-14 23,000 $27.67 218,443 No 4 S Direct
Common Stock Disposition 2022-03-15 1,820 $29.60 216,623 No 4 F Direct
Common Stock Acquisiton 2022-03-15 17,389 $29.60 234,012 No 4 M Direct
Common Stock Acquisiton 2022-03-15 8,695 $0.00 242,707 No 4 A Direct
Common Stock Disposition 2022-03-15 10,260 $29.60 232,447 No 4 F Direct
Common Stock Disposition 2022-03-15 1,709 $29.60 230,738 No 4 F Direct
Common Stock Acquisiton 2022-03-15 17,389 $29.60 248,127 No 4 M Direct
Common Stock Acquisiton 2022-03-15 8,694 $0.00 256,821 No 4 A Direct
Common Stock Disposition 2022-03-15 10,260 $29.60 246,561 No 4 F Direct
Common Stock Disposition 2022-03-15 1,958 $29.60 244,603 No 4 F Direct
Common Stock Acquisiton 2022-03-15 4,980 $29.60 249,583 No 4 M Direct
Common Stock Acquisiton 2022-03-15 2,490 $0.00 252,073 No 4 A Direct
Common Stock Disposition 2022-03-15 2,938 $29.60 249,135 No 4 F Direct
Common Stock Acquisiton 2022-03-16 11,169 $0.00 260,304 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 F Direct
No 4 M Direct
No 4 A Direct
No 4 F Direct
No 4 F Direct
No 4 M Direct
No 4 A Direct
No 4 F Direct
No 4 F Direct
No 4 M Direct
No 4 A Direct
No 4 F Direct
No 4 A Direct
Reported Derivative Transactions
Show Other Fields >>
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Rights (Restricted Stock Units) Disposition 2022-03-15 17,389 $0.00 17,389 $29.60
Common Stock Performance Rights (Restricted Stock Units) Disposition 2022-03-15 17,389 $0.00 17,389 $29.60
Common Stock Performance Rights (Restricted Stock Units) Disposition 2022-03-15 4,980 $0.00 4,980 $29.60
Common Stock Performance Rights (Restricted Stock Units) Acquisiton 2022-03-16 11,169 $0.00 11,169 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2022-03-15 2022-03-15 No 4 M Direct
17,389 2022-03-15 2023-03-15 No 4 M Direct
9,962 2022-03-15 2024-03-15 No 4 M Direct
11,169 2025-03-15 No 4 A Direct
Footnotes
  1. The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on March 14, 2022 in multiple transactions at prices ranging from $27.05 to $28.01, 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.
  2. The amount reported reconciles an inadvertent clerical error in the amount of securities beneficially owned as previously reported. Corrected totals do not represent any grants or awards not previously disclosed.
  3. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 8.33% of the restricted stock units awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  4. Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2019 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  5. Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2019 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  6. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2019. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  7. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 8.33% of the restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  8. Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  9. Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2020 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  10. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2020. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  11. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of 33.33% of the restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  12. Represents the number of shares issued as a result of the vesting of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  13. Represents the number of additional shares issued as a result of the vesting at 150% of performance-based restricted stock units based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index from March 15, 2021 to March 15, 2022. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.
  14. Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on March 15, 2022 of the performance-based restricted stock units awarded on March 15, 2021. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  15. Represents an award of restricted stock units that will vest on a time-based vesting schedule as follows: 33.33% on the first anniversary of the grant date of March 16, 2022, and the remaining 66.66% in equal 8.33% installments every 3 months thereafter, provided the reporting person continues to be employed by the Issuer on each such vesting date. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision requiring the withholding of shares by the Issuer to pay the required withholding taxes due on the vesting date.
  16. Represents an award of restricted stock units which vest on a performance-based schedule based on the Issuer's relative total shareholder return (rTSR) to the Russell 2000 index in 2023, 2024 and 2025. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. This award includes a provision for the withholding of shares by the Issuer to pay the required withholding taxes due on each such vesting date.