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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* MILBURY PAUL J (Last) (First) (Middle) 21 BEAVER STREET (Street) BOSTON MA 02108 (City) (State) (Zip)	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 X Officer (give title below) Other (specify below) VP & Chief Financial Officer
	3. Date of Earliest Transaction (Month/Day/Year) 11/30/2004
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/30/2004		M		2,084	A	$18.5625	6,884	D
Common Stock	11/30/2004		M		208	A	$12.8	7,092	D
Common Stock	11/30/2004		M		1,041	A	$9.96	8,133	D
Common Stock	11/30/2004		M		313	A	$14.13	8,446	D
Common Stock	11/30/2004		M		834	A	$22.01	9,280	D
Common Stock	11/30/2004		S		500	D	$55.85	8,780	D
Common Stock	11/30/2004		S		300	D	$55.9	8,480	D
Common Stock	11/30/2004		S		577	D	$55.86	7,903	D
Common Stock	11/30/2004		S		100	D	$55.88	7,803	D
Common Stock	11/30/2004		S		3	D	$55.93	7,800	D
Common Stock	11/30/2004		S		2,900	D	$55.92	4,900	D
Common Stock	11/30/2004		S		100	D	$55.93	4,800	D
Common Stock	11/30/2004		S		800	D	$55.95	4,000	D
Common Stock	11/30/2004		S		800	D	$55.96	3,200	D
Common Stock	11/30/2004		S		200	D	$55.9501	3,000	D

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)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (right to buy)	$18.5625	11/30/2004		M			452	06/14/2001(1)	12/14/2010	Common Stock	452	$0	452	D
Non-qualified Stock Option (right to buy)	$18.5625	11/30/2004		M			1,632	06/14/2001(1)	12/14/2010	Common Stock	1,632	$0	1,631	D
Non-qualified Stock Option (right to buy)	$9.96	11/30/2004		M			1,041	02/28/2002(1)	08/30/2011	Common Stock	1,041	$0	1,042	D
Non-qualified Stock Option (right to buy)	$14.13	11/30/2004		M			313	09/06/2002(1)	03/03/2012	Common Stock	313	$0	2,859	D
Non-Qualified Stock Option (right to buy)	$22.01	11/30/2004		M			834	07/10/2003(1)	01/10/2013	Common Stock	834	$0	16,892	D
Non-qualified Stock Option (right to buy)	$12.8	11/30/2004		M			208	10/17/2001(1)	04/17/2011	Common Stock	208	$0	1,042	D

Explanation of Responses:

1. 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:

	Paul J. Milbury	12/02/2004
	** 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).
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