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
- 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.