Tom J. A. Cordiner - 15 Mar 2022 Form 4 Insider Report for AVID TECHNOLOGY, INC.

Role
Chief Revenue Officer & SVP
Signature
/s/ Alessandra Melloni as Attorney-in-Fact for Tom Cordiner
Issuer symbol
N/A
Transactions as of
15 Mar 2022
Net transactions value
-$407,002
Form type
4
Filing time
16 Mar 2022, 21:28:39 UTC
Previous filing
16 Dec 2021
Next filing
16 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVID Common Stock Sale $567,434 -19,682 -9% $28.83 199,767 15 Mar 2022 Direct
transaction AVID Common Stock Tax liability $60,443 -2,042 -1% $29.60 197,725 15 Mar 2022 Direct F1, F2
transaction AVID Common Stock Options Exercise $514,714 +17,389 +8.8% $29.60 215,114 15 Mar 2022 Direct F2, F3
transaction AVID Common Stock Award $0 +8,695 +4% $0.000000 223,809 15 Mar 2022 Direct F2, F4
transaction AVID Common Stock Tax liability $362,748 -12,255 -5.5% $29.60 211,554 15 Mar 2022 Direct F2, F5
transaction AVID Common Stock Tax liability $65,090 -2,199 -1% $29.60 209,355 15 Mar 2022 Direct F2, F6
transaction AVID Common Stock Options Exercise $554,290 +18,726 +8.9% $29.60 228,081 15 Mar 2022 Direct F2, F7
transaction AVID Common Stock Award $0 +9,363 +4.1% $0.000000 237,444 15 Mar 2022 Direct F2, F8
transaction AVID Common Stock Tax liability $390,631 -13,197 -5.6% $29.60 224,247 15 Mar 2022 Direct F2, F9
transaction AVID Common Stock Tax liability $79,890 -2,699 -1.2% $29.60 221,548 15 Mar 2022 Direct F2, F10
transaction AVID Common Stock Options Exercise $170,111 +5,747 +2.6% $29.60 227,295 15 Mar 2022 Direct F2, F11
transaction AVID Common Stock Award $0 +2,874 +1.3% $0.000000 230,169 15 Mar 2022 Direct F2, F12
transaction AVID Common Stock Tax liability $119,880 -4,050 -1.8% $29.60 226,119 15 Mar 2022 Direct F2, F13
transaction AVID Common Stock Award $0 +12,820 +5.7% $0.000000 238,939 16 Mar 2022 Direct F2, F14

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVID Performance Rights (Restricted Stock Units) Options Exercise $0 -17,389 -100% $0.000000* 0 15 Mar 2022 Common Stock 17,389 $29.60 Direct F3
transaction AVID Performance Rights (Restricted Stock Units) Options Exercise $0 -18,726 -50% $0.000000 18,727 15 Mar 2022 Common Stock 18,726 $29.60 Direct F7
transaction AVID Performance Rights (Restricted Stock Units) Options Exercise $0 -5,747 -33% $0.000000 11,494 15 Mar 2022 Common Stock 5,747 $29.60 Direct F11
transaction AVID Performance Rights (Restricted Stock Units) Award $0 +12,820 $0.000000 12,820 16 Mar 2022 Common Stock 12,820 Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes shares acquired under the Issuer's Employee Stock Purchase Plan based upon the most current data available.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.