Filing Details

Accession Number:
0000896841-21-000152
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-07-26 16:17:56
Reporting Period:
2021-07-22
Accepted Time:
2021-07-26 16:17:56
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
1347876 M Robert Bakish 75 Network Drive
Burlington MA 01803
Yes No No No
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 Disposition 2021-07-22 10,884 $36.71 728,842 No 4 S Direct
Common Stock Disposition 2021-07-22 3,100 $37.24 725,742 No 4 S Direct
Common Stock Disposition 2021-07-23 13,389 $36.62 712,353 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 27,000 Indirect By Daughter
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2021.
  2. The price reported in Column 4 is a weighted average price. The shares were disposed on July 22, 2021 in multiple transactions at prices ranging from $36.10 to $37.095, 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 is a weighted average price. The shares were disposed on July 22, 2021 in multiple transactions at prices ranging from $37.125 to $37.46, 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 price reported in Column 4 is a weighted average price. The shares were disposed on July 23, 2021 in multiple transactions at prices ranging from $36.14 to $37.13, 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.
  5. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.