SEC FORM 3 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*
Vann Martin

(Last) (First) (Middle)
84 BEARD WAY

(Street)
NEEDHAM MA 02492

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/19/2009
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)
SVP of WW Sales & Services
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 14,410(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
Employee Stock Option (Right to Buy) (2) 07/14/2015 Common Stock 100,000 17.02 D
Explanation of Responses:
1. Includes 10,000 restricted stock units that were granted on July 14, 2008 that vest as follows: 5,000 shares vest on the second anniversary of the grant date; 1,250 vest on the third anniversary of the grant date; and the remainder vest in four equal installments every three months thereafter. This award included a provision for the automatic withholding of shares to pay the withholding taxes due on each vesting date.
2. 50,000 shares vest in equal 6.25% installments every three months ending on the fourth anniversary of the grant date (July 14, 2008), and 50,000 shares vest on a performance-based schedule tied to the Company's stock price.
Remarks:
/s/ Paige Parisi as Power of Attorney for Martin Vann 08/21/2009
** 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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