0000921895-22-001732.txt : 20220518 0000921895-22-001732.hdr.sgml : 20220518 20220518182319 ACCESSION NUMBER: 0000921895-22-001732 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220516 FILED AS OF DATE: 20220518 DATE AS OF CHANGE: 20220518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Impactive Capital LLC CENTRAL INDEX KEY: 0001786731 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22940673 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 218-8812 MAIL ADDRESS: STREET 1: 152 WEST 57TH, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wolfe Lauren Taylor CENTRAL INDEX KEY: 0001699118 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22940672 MAIL ADDRESS: STREET 1: 3100 CUMBERLAND BOULEVARD STREET 2: SUITE 1700 CITY: ATLANTA STATE: GA ZIP: 30339 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Asmar Christian CENTRAL INDEX KEY: 0001787532 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22940676 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Impactive Capital GP LLC CENTRAL INDEX KEY: 0001786733 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22940674 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 218-8812 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Impactive Capital LP CENTRAL INDEX KEY: 0001786767 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36254 FILM NUMBER: 22940675 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 218-8812 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET, 17TH FLOOR CITY: NEW YORK CITY STATE: NY ZIP: 10019 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AVID TECHNOLOGY, INC. CENTRAL INDEX KEY: 0000896841 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042977748 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 75 NETWORK DRIVE CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 978-640-6789 MAIL ADDRESS: STREET 1: 75 NETWORK DRIVE CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: AVID TECHNOLOGY INC DATE OF NAME CHANGE: 19930203 4 1 form412236003_05182022.xml OWNERSHIP DOCUMENT X0306 4 2022-05-16 0 0000896841 AVID TECHNOLOGY, INC. AVID 0001787532 Asmar Christian 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY NY 10019 1 0 1 0 0001786767 Impactive Capital LP 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY NY 10019 0 0 1 0 0001786733 Impactive Capital GP LLC 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY NY 10019 0 0 1 0 0001786731 Impactive Capital LLC 152 WEST 57TH, 17TH FLOOR NEW YORK CITY NY 10019 0 0 1 0 0001699118 Wolfe Lauren Taylor 152 WEST 57TH, 17TH FLOOR NEW YORK CITY NY 10019 0 0 1 0 Common Stock 2022-05-16 4 P 0 250000 24.725 A 7131793 I See Footnote Common Stock 2022-05-18 4 A 0 6242 0 A 36577 D 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. 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. Represents an award of restricted stock units ("RSUs") that will vest in full on the earlier of the date of the Company's 2023 Annual Meeting or May 18, 2023. Each RSU represents the contingent right to receive one share of the Issuer's common stock. Securities of the Issuer directly beneficially owned by Mr. Asmar, including 6,242 shares of Common Stock underlying certain RSUs, which will vest in full on the earlier of the date of the Issuer's 2023 Annual Meeting of Stockholders or May 18, 2023. /s/ Christian Asmar 2022-05-18 IMPACTIVE CAPTIAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member 2022-05-18 IMPACTIVE CAPITAL GP LLC, By: /s/ Lauren Taylor Wolfe, Managing Member 2022-05-18 IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member 2022-05-18 /s/ Lauren Taylor Wolfe 2022-05-18