SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Parisi Paige (Last) (First) (Middle) 46 TROWBRIDGE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/26/2006	3. Issuer Name and Ticker or Trading Symbol AVID TECHNOLOGY INC [ AVID ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP & General Counsel	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	200(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	06/23/2004(2)	06/23/2013	Common Stock	1,150	35.15	D
Non-Qualified Stock Option (right to buy)	09/10/2004(3)	02/10/2014	Common Stock	435	42.91	D
Non-Qualified Stock Option (right to buy)	08/17/2005(4)	02/17/2015	Common Stock	800	65.81	D
Non-Qualified Stock Option (right to buy)	03/02/2006(5)	09/02/2015	Common Stock	600	40.95	D

Explanation of Responses:

1. Represents restricted stock unit award which shall vest over 4 years at the rate of 25% per year, with the first vesting date on March 9, 2007. This award includes a provision for the automatic withholding of shares to pay the withholding taxes due on each vesting date.

2. 2.2% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 97.8% became/becomes exercisable in 36 equal monthly installments thereafter.

3. 1.8% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 98.2% became/becomes exercisable in 41 equal monthly installments thereafter.

4. 12.5% of the option became exercisable on the date listed in the "Date Exercisable" column; 58.4% vested between the initial vest date and 10/26/05; the remaining 29.1% becomes exercisable in 14 equal monthly installments between 1/17/2008 and 2/17/2009

5. 12.5% of the option becomes exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% becomes exercisable in 42 equal monthly installments thereafter.

Remarks:

	Paige Parisi	05/31/2006
	** Signature of Reporting Person	Date
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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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