UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | 06/17/2008(2) | 12/17/2017 | Common stock | 3,500 | $ 25.46 | D | Â |
Non-Qualified Stock Option (right to buy) | 06/15/2010(3) | 06/15/2016 | Common stock | 4,000 | $ 13.41 | D | Â |
Non-Qualified Stock Option (right to buy) | 04/15/2011(3) | 04/15/2017 | Common stock | 3,500 | $ 17.04 | D | Â |
Non-Qualified Stock Option (right to buy) | 04/01/2012(4) | 04/01/2018 | Common stock | 6,000 | $ 22.05 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Duva Jason A AVID TECHNOLOGY, INC. 75 NETWORK DRIVE BURLINGTON, MA 01803 |
 |  |  VP & General Counsel |  |
Jason Duva | 11/07/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the remaining unvested portion of a restricted stock unit granted on March 3, 2008, which is scheduled to vest in full on March 3, 2012. This award includes a provision for the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date. |
(2) | 12.5% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% became/becomes exercisable in 42 equal monthly installments thereafter. |
(3) | 25% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 75% became/becomes exercisable in 36 equal monthly installments thereafter. |
(4) | 25% of the option becomes exercisable on the date listed in the "Date Exercisable" column; the remaining 75% becomes exercisable in 36 equal monthly installments thereafter. |