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AVID Avid Technology Inc

27.04
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Avid Technology Inc NASDAQ:AVID NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.04 27.04 27.30 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

12/05/2020 12:30am

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Asmar Christian
2. Issuer Name and Ticker or Trading Symbol

AVID TECHNOLOGY, INC. [ AVID ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

152 WEST 57TH STREET, 17TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

5/8/2020
(Street)

NEW YORK CITY, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 (1)5/8/2020  P  46334 A$5.9724 4402345 I See Footnote (2)
Common Stock (1)        25341 D (3) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) This Form 4 is filed jointly by Impactive Capital GP LLC ("Impactive GP"), Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive Capital GP"), Lauren Taylor Wolfe and Christian Asmar (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his, her or its pecuniary interest therein.
(2) Securities of the Issuer beneficially owned by Impactive GP and Impactive Capital. As the general partner of Impactive Capital, Impactive Capital GP may be deemed to beneficially own the securities of the Issuer beneficially owned by Impactive Capital. As managing members of each of Impactive GP and Impactive Capital GP, each of Ms. Taylor Wolfe and Mr. Asmar may be deemed to beneficially own the securities of the Issuer beneficially owned by Impactive GP and Impactive Capital GP.
(3) Securities of the Issuer directly beneficially owned by Mr. Asmar.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Asmar Christian
152 WEST 57TH STREET, 17TH FLOOR
NEW YORK CITY, NY 10019
XX

Impactive Capital LP
152 WEST 57TH STREET, 17TH FLOOR
NEW YORK CITY, NY 10019

X

Impactive Capital GP LLC
152 WEST 57TH STREET, 17TH FLOOR
NEW YORK CITY, NY 10019

X

Impactive Capital LLC
152 WEST 57TH, 17TH FLOOR
NEW YORK CITY, NY 10019

X

Wolfe Lauren Taylor
152 WEST 57TH, 17TH FLOOR
NEW YORK CITY, NY 10019

X


Signatures
/s/ Christian Asmar5/11/2020
**Signature of Reporting PersonDate

IMPACTIVE CAPTIAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member5/11/2020
**Signature of Reporting PersonDate

IMPACTIVE CAPITAL GP LLC, By: /s/ Lauren Taylor Wolfe, Managing Member5/11/2020
**Signature of Reporting PersonDate

IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member5/11/2020
**Signature of Reporting PersonDate

/s/ Lauren Taylor Wolfe5/11/2020
**Signature of Reporting PersonDate

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