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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Explanation
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
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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. The option was vested and exercisable on February 11, 2014.