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
X	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* BCP III AIV A, L.P. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO 94133 (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 X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/07/2020
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. 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	04/07/2020		J(4)(5)		2,707,717	D	$0(4)(5)	820,902	D(1)
Common Stock	04/07/2020		J(4)(5)		2,292,283	D	$0(4)(5)	694,955	D(2)
Common Stock	04/07/2020		J(4)(6)		21	A	$0(4)(6)	39,531	D(3)(6)
Common Stock	04/07/2020		J(4)(6)		21	A	$0(4)(6)	21	D(6)

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

1. Name and Address of Reporting Person* BCP III AIV A, L.P. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BCP IV AIV A, L.P. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blum Strategic GP III, L.L.C. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blum Strategic GP IV, L.L.C. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Blum Strategic GP V, L.L.C. (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* RICHARD C BLUM & ASSOCIATES INC (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO CA 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BLUM CAPITAL PARTNERS LP (Last) (First) (Middle) 909 MONTGOMERY STREET SUITE 400 (Street) SAN FRANCISCO 94133 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These shares of the Common Stock of the Issuer are held directly by BCP III AIV A, L.P. ("AIV III"). These shares may also be deemed to be owned indirectly by (i) Blum Strategic GP III, L.P. ("Blum GP III LP"), AIV III's general partner, and (ii) Blum Strategic GP III, L.L.C. ("Blum GP III"), Blum GP III LP's general partner. Both Blum GP III LP and Blum GP III disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

2. These shares of the Common Stock of the Issuer are held directly by BCP IV AIV A, L.P. ("AIV IV"). These shares may also be deemed to be owned indirectly by (i) Blum Strategic GP IV, L.P. ("Blum GP IV LP"), AIV IV's general partner, and (ii) Blum Strategic GP IV, L.L.C. ("Blum GP IV"), Blum GP IV LP's general partner. Both Blum GP IV LP and Blum GP IV disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

3. Consists of 39,510 shares of Common Stock owned directly by Richard C. Blum and Associates Inc. ("RCBA") and 21 shares of Common Stock owned directly by Blum Capital Partners, L.P. ("Blum LP"). See footnote (6) for more information.

4. Pursuant to a previously disclosed Rule 10b5-1 plan (the "Rule 10b5-1 Plan") entered into by the Reporting Persons, Blum Strategic Partners V, L.P. ("Strategic V"), and certain limited partners of Strategic V, AIV III distributed, for no consideration and on a pro rata basis, 2,414,310 shares of Common Stock to its partners and AIV IV distributed, for no consideration and on a pro rata basis, 2,292,283 shares of Common Stock to its partners. As a limited partner of each of AIV III and AIV IV, Strategic V was deemed to acquire an aggregate of 4,183,552 shares of Common Stock in these distributions, however, pursuant to the Rule 10b5-1 Plan, Strategic V immediately distributed all such shares of Common Stock to its partners for no consideration on a pro rata basis. Strategic V did not directly own any shares of Common Stock prior to the AIV III and AIV IV distributions nor did it retain direct ownership of any shares following the completion of its own distribution.

5. Blum Strategic GP V, L.P. ("Blum GP V LP") serves as general partner of Strategic V and, in turn, Blum Strategic GP V, L.L.C. ("Blum GP V") serves as its general partner. Each of Blym GP V LP and Blum GP V may be deemed to indirectly beneficially own any shares beneficially owned by Strategic V. Both Blum GP V LP and Blum GP V disclaim beneficial ownership of any shares that Strategic V may be deemed to beneficially own, except to the extent of any pecuniary interest therein.

6. As a limited partner of AIV III and AIV IV, Blum LP acquired 21 shares of Common Stock in the distributions by AIV III and AIV IV described in footnote (4). RCBA serves as general partner of Blum LP and may be deemed to indirectly beneficially own any shares beneficially owned by Blum LP. RCBA disclaims beneficial ownership of any shares that Blum LP may be deemed to beneficially own, except to the extent of any pecuniary interest therein.

Remarks:

	/s/ Peter Westley	04/09/2020
	** 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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