0001534001-14-000006.txt : 20140916
0001534001-14-000006.hdr.sgml : 20140916
20140916182834
ACCESSION NUMBER: 0001534001-14-000006
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140914
FILED AS OF DATE: 20140916
DATE AS OF CHANGE: 20140916
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AVID TECHNOLOGY, INC.
CENTRAL INDEX KEY: 0000896841
STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
IRS NUMBER: 042977748
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 75 NETWORK DRIVE
CITY: BURLINGTON
STATE: MA
ZIP: 01803
BUSINESS PHONE: 978.640.6789
MAIL ADDRESS:
STREET 1: 75 NETWORK DRIVE
CITY: BURLINGTON
STATE: MA
ZIP: 01803
FORMER COMPANY:
FORMER CONFORMED NAME: AVID TECHNOLOGY INC
DATE OF NAME CHANGE: 19930203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Duva Jason A
CENTRAL INDEX KEY: 0001534001
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36254
FILM NUMBER: 141106415
MAIL ADDRESS:
STREET 1: AVID TECHNOLOGY, INC.
STREET 2: 75 NETWORK DRIVE
CITY: BURLINGTON
STATE: MA
ZIP: 01803
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2014-09-14
0000896841
AVID TECHNOLOGY, INC.
AVID
0001534001
Duva Jason A
AVID TECHNOLOGY, INC.
75 NETWORK DRIVE
BURLINGTON
MA
01803
0
1
0
0
VP & General Counsel
Common Stock
2014-09-14
4
A
0
10000
0
A
19298
D
Common Stock
2014-09-14
4
F
0
3251
10.04
D
16047
D
Employee Stock Option (Right to Buy)
11.71
2014-09-14
4
A
0
25000
0
A
2014-09-14
2019-02-24
Common Stock
25000
25000
D
Each performance based restricted stock unit represents the Company's commitment to issue one share of the Company's common stock.
On February 24, 2012 the reporting person was awarded performance based restricted share units under the Issuer's Stock Incentive Program. The vesting of these restricted share units was based on the Issuer's achievement of certain performance metrics based upon the completion of audited financial statements for the fiscal year ended December 31, 2012. On September 14, 2014, the Issuer's Compensation Committee determined the number of restricted share units as to which the performance criteria had been satisfied and the restricted share units so determined have therefore vested in whole on such date.
Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on September 14, 2014 of certain restricted share units. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.
On February 24, 2012 the reporting person was awarded performance based options to purchase the Issuer's common stock under the Issuer's Stock Incentive Program. These options were based on the Issuer's achievement of certain performance metrics based upon the completion of audited financial statements for the fiscal year ended December 31, 2012. On September 14, 2014, the Issuer's Compensation Committee determined the number of options as to which the performance criteria had been satisfied and the options so determined have therefore vested on such date.
/s/ John S. LaMountain as Attorney-in-Fact for Jason A. Duva
2014-09-16