0000896841-22-000038.txt : 20220316 0000896841-22-000038.hdr.sgml : 20220316 20220316213020 ACCESSION NUMBER: 0000896841-22-000038 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220314 FILED AS OF DATE: 20220316 DATE AS OF CHANGE: 20220316 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ruzicka Dana CENTRAL INDEX KEY: 0001651536 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22746541 MAIL ADDRESS: STREET 1: 75 NETWORK DRIVE CITY: BURLINGTON STATE: MA ZIP: 01803 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AVID TECHNOLOGY, INC. CENTRAL INDEX KEY: 0000896841 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] 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 4 1 wf-form4_164748060282301.xml FORM 4 X0306 4 2022-03-14 0 0000896841 AVID TECHNOLOGY, INC. AVID 0001651536 Ruzicka Dana 75 NETWORK DRIVE BURLINGTON MA 01803 0 1 0 0 SVP & GM Audio and Music Common Stock 2022-03-14 4 S 0 23000 27.6732 D 218443 D Common Stock 2022-03-15 4 F 0 1820 29.60 D 216623 D Common Stock 2022-03-15 4 M 0 17389 29.60 A 234012 D Common Stock 2022-03-15 4 A 0 8695 0 A 242707 D Common Stock 2022-03-15 4 F 0 10260 29.60 D 232447 D Common Stock 2022-03-15 4 F 0 1709 29.60 D 230738 D Common Stock 2022-03-15 4 M 0 17389 29.60 A 248127 D Common Stock 2022-03-15 4 A 0 8694 0 A 256821 D Common Stock 2022-03-15 4 F 0 10260 29.60 D 246561 D Common Stock 2022-03-15 4 F 0 1958 29.60 D 244603 D Common Stock 2022-03-15 4 M 0 4980 29.60 A 249583 D Common Stock 2022-03-15 4 A 0 2490 0 A 252073 D Common Stock 2022-03-15 4 F 0 2938 29.60 D 249135 D Common Stock 2022-03-16 4 A 0 11169 0 A 260304 D Performance Rights (Restricted Stock Units) 29.6 2022-03-15 4 M 0 17389 0 D 2022-03-15 2022-03-15 Common Stock 17389.0 0 D Performance Rights (Restricted Stock Units) 29.6 2022-03-15 4 M 0 17389 0 D 2022-03-15 2023-03-15 Common Stock 17389.0 17389 D Performance Rights (Restricted Stock Units) 29.6 2022-03-15 4 M 0 4980 0 D 2022-03-15 2024-03-15 Common Stock 4980.0 9962 D Performance Rights (Restricted Stock Units) 2022-03-16 4 A 0 11169 0 A 2025-03-15 Common Stock 11169.0 11169 D The price reported in Column 4 of Table 1 is a weighted average price. The shares were sold on March 14, 2022 in multiple transactions at prices ranging from $27.05 to $28.01, 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 amount reported reconciles an inadvertent clerical error in the amount of securities beneficially owned as previously reported. Corrected totals do not represent any grants or awards not previously disclosed. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. /s/ Alessandra Melloni as Attorney-in-Fact for Dana Ruzicka 2022-03-16