SEC FORM
4
SEC Form 4
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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| OMB APPROVAL |
| OMB Number: |
3235-0287 |
| Estimated average burden |
| hours per response: |
0.5 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b). |
1. Name and Address of Reporting Person*
| AVID TECHNOLOGY, INC. |
| 75 NETWORK DRIVE |
(Street)
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2. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY, INC.
[ AVID ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
Director |
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10% Owner |
| X |
Officer (give title below) |
X |
Other (specify below) |
|
VP & Chief Accounting Officer
/
Controller
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3. Date of Earliest Transaction
(Month/Day/Year)
11/15/2015
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4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
| X |
Form filed by One Reporting Person |
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Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|---|
| 1. Title of Security (Instr.
3)
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2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
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4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
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5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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7. Nature of Indirect Beneficial Ownership (Instr.
4)
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| Code |
V |
Amount |
(A) or (D) |
Price |
| Common Stock |
11/15/2015 |
|
F |
|
154
|
D |
$6.24
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17,249
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D |
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
|
|---|
| 1. Title of Derivative Security (Instr.
3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
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5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
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8. Price of Derivative Security (Instr.
5)
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9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
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10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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11. Nature of Indirect Beneficial Ownership (Instr.
4)
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| Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
| Explanation of Responses: |
|
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| Remarks: |
|
|
/s/ Nina Andersson-Willard as Attorney-in-Fact for Ryan H. Murray |
11/24/2015 |
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** 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
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 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
John Frederick Jason Duva and Nina Andersson-Willard signing singly and each acting individually as
the undersigneds 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 undersigneds 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 16a 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 undersigneds representative and on the undersigneds behalf
information regarding transactions in the Companys 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 facts 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 facts 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
undersigneds 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
undersigneds 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 16b 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 undersigneds 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 12th day of May 2015
s Ryan H. Murray
Ryan H. Murray
