Monday, January 9, 2017

[Avid-L2] SEC Form 4 filing

 

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                   
OMB APPROVAL 
OMB Number: 3235-0287 
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                       

1. Name and Address of Reporting Person *

Rosica Jeff
2. Issuer Name and Ticker or Trading Symbol

AVID TECHNOLOGY, INC. [ AVID ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner 
__ __ Officer (give title below)      _____ Other (specify below) 
President
(Last)          (First)          (Middle)

75 NETWORK DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

1/7/2017
(Street)

BURLINGTON, MA 01803
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ Form filed by One Reporting Person 
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 
(Instr. 3)
2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code 
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D) 
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock  1/7/2017   F  291   (1)D$4.55  242219    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code 
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D) 
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security 
(Instr. 3 and 4)
8. Price of Derivative Security 
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares


Explanation of Responses:
(1) Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting on January 7, 2017 of 6.25% of the restricted stock units awarded on January 7, 2013. This award includes a provision requiring the withholding of shares by the Issuer to pay the withholding taxes due on the vesting date.


Reporting Owners 
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Rosica Jeff 
75 NETWORK DRIVE 
BURLINGTON, MA 01803


President


Signatures 
/s/ Alessandra Melloni as Attorney-in-Fact for Jeff Rosica1/9/2017
** Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

LIMITED POWER OF ATTORNEY  FOR SECTION 16 REPORTING OBLIGATIONS         Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of  Jason A. Duva, Alessandra Melloni and Ryan H. Murray, signing singly and each acting individually, as  the undersigned's true and lawful attorney-in-fact with full power and authority as hereinafter described  to:         (1)    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer  and/or director of Avid Technology, Inc. (the "Company"), Forms 3, 4, and 5 (including any amendments  thereto) in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder  (the "Exchange Act");         (2)    do and perform any and all acts for and on behalf of the undersigned which may be  necessary or desirable to prepare, complete and execute any such Form 3, 4, or 5, prepare, complete and  execute any amendment or amendments thereto, and timely deliver and file such form with the United  States Securities and Exchange Commission and any stock exchange or similar authority;         (3)    seek or obtain, as the undersigned's representative and on the undersigned's behalf,  information regarding transactions in the Company's securities from any third party, including brokers,  employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person  to release any such information to such attorney-in-fact and approves and ratifies any such release of  information; and         (4)    take any other action of any type whatsoever in connection with the foregoing which, in  the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the  undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the  undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and  conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.         The undersigned hereby grants to each such attorney-in-fact full power and authority to do and  perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise  of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned  might or could do if personally present, with full power of substitution or revocation, hereby ratifying and  confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully  do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  The  undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request  of the undersigned, are not assuming nor relieving, nor is the Company assuming nor relieving, any of the  undersigned's responsibilities to comply with Section 16 of the Exchange Act.  The undersigned  acknowledges that neither the Company nor the foregoing attorneys-in-fact assume (i) any liability for the  undersigned's responsibility to comply with the requirements of the Exchange Act, (ii) any liability of the  undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the  undersigned for profit disgorgement under Section 16(b) of the Exchange Act.         This Power of Attorney shall remain in full force and effect until the undersigned is no longer  required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in  securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered  to the foregoing attorneys-in-fact.         IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as  of this 17th day of May 2016.      /s/ Jeff Rosica      


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Posted by: jeffsengpiehl@yahoo.com
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this is the Avid-L2

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