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*
909 MONTGOMERY STREET |
SUITE 400 |
(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)
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Director |
X |
10% Owner |
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Officer (give title below) |
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Other (specify below) |
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3. Date of Earliest Transaction
(Month/Day/Year) 04/07/2020
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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)
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Form filed by One Reporting Person |
X |
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 |
04/07/2020 |
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J
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2,707,717 |
D |
$0
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820,902 |
D
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Common Stock |
04/07/2020 |
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J
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2,292,283 |
D |
$0
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694,955 |
D
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Common Stock |
04/07/2020 |
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J
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21 |
A |
$0
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39,531 |
D
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Common Stock |
04/07/2020 |
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J
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21 |
A |
$0
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21 |
D
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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1. Name and Address of Reporting Person*
909 MONTGOMERY STREET |
SUITE 400 |
(Street)
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Explanation of Responses: |
Remarks: |
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/s/ Peter Westley |
04/09/2020 |
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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. |
EXHIBIT 99
Joint Filer Information
Designated Filer: BCP III AIV A, L.P.
Date of Earliest Transaction
Required to be Reported: April 9, 2020
Issuer & Symbol: Avid Technology, Inc. (AVID)
Address of each Reporting Person for this Form 4:
909 Montgomery Street, Suite 400, San Francisco, CA 94133
Relationship to Issuer of each Reporting Person: 10% Owner
Signatures
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.
April 9, 2020
BCP III AIV A, L.P. BCP IV AIV A, L.P.
By: BLUM STRATEGIC GP III, L.P. By: BLUM STRATEGIC GP IV, L.P.
its General Partner its General Partner
By: BLUM STRATEGIC GP III, L.L.C. By: BLUM STRATEGIC GP IV, L.L.C.
its General Partner its General Partner
By: /s/ Peter Westley By: /s/ Peter Westley
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Peter Westley Peter Westley
Member Member
BLUM STRATEGIC GP III, L.L.C. BLUM STRATEGIC GP III, L.P.
By: Blum Strategic GP III, L.L.C.
its General Partner
By: /s/ Peter Westley By: /s/ Peter Westley
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Peter Westley Peter Westley
Member Member
BLUM STRATEGIC GP IV, L.L.C. BLUM STRATEGIC GP IV, L.P.
By: Blum Strategic GP IV, L.L.C.
its General Partner
By: /s/ Peter Westley By: /s/ Peter Westley
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Peter Westley Peter Westley
Member Member
BLUM STRATEGIC GP V, L.L.C. BLUM STRATEGIC GP V, L.P.
By: Blum Strategic GP V, L.L.C.
its General Partner
By: /s/ Peter Westley By: /s/ Peter Westley
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Peter Westley Peter Westley
Managing Member Managing Member
RICHARD C. BLUM AND ASSOCIATES INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates Inc.
its General Partner
By: /s/ Peter Westley By: /s/ Peter Westley
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Peter Westley Peter Westley
Managing Partner Managing Partner