-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Koo3Hh72RJYhgBcYvzDSrIC5/L+Z9gAFkHd0c1MaQya9auGp5VHlgcsK50JONzFt ve5jy3LbCfYePE5cuXXYsg== 0001202480-07-000012.txt : 20071220 0001202480-07-000012.hdr.sgml : 20071220 20071220180455 ACCESSION NUMBER: 0001202480-07-000012 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071218 FILED AS OF DATE: 20071220 DATE AS OF CHANGE: 20071220 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AVID TECHNOLOGY INC CENTRAL INDEX KEY: 0000896841 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 042977748 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: METROPOLITAN TECHNOLOGY PARK STREET 2: ONE PARK WEST CITY: TEWKSBURY STATE: MA ZIP: 01876 BUSINESS PHONE: 9786406789 MAIL ADDRESS: STREET 1: METROPOLITAN TECHNOLOGY PARK STREET 2: ONE PARK WEST CITY: TEWKSBURY STATE: MA ZIP: 01876 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LEBOLT DAVID CENTRAL INDEX KEY: 0001202480 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21174 FILM NUMBER: 071320358 BUSINESS ADDRESS: STREET 1: AVID TECHNOLOGY INC STREET 2: ONE PARK WEST CITY: TEWKSBURY STATE: MA ZIP: 01876 BUSINESS PHONE: 978 640 3302 MAIL ADDRESS: STREET 1: C/O AVID TECHNOLOGY, INC. STREET 2: ONE PARK WEST CITY: TEWKSBURY STATE: MA ZIP: 01876 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2007-12-18 0000896841 AVID TECHNOLOGY INC AVID 0001202480 LEBOLT DAVID 461 2ND STREET #220 SAN FRANCISCO CA 94107 0 1 0 0 VP & General Manager, Audio Employee Stock Option (right to buy) 8.41 2007-12-18 4 D 0 60000 D 2012-07-22 Common Stock 60000 0 D Employee Stock Option (right to buy) 8.41 2007-12-18 4 A 0 60000 A 2012-07-22 Common Stock 60000 60000 D Employee Stock Option (right to buy) 22.01 2007-12-18 4 D 0 30000 D 2013-01-10 Common Stock 30000 0 D Employee Stock Option (right to buy) 22.01 2007-12-18 4 A 0 30000 A 2013-01-10 Common Stock 30000 30000 D Employee Stock Option (right to buy) 42.91 2007-12-18 4 D 0 21000 D 2014-02-10 Common Stock 21000 0 D Employee Stock Option (right to buy) 42.91 2007-12-18 4 A 0 21000 A 2014-02-10 Common Stock 21000 21000 D Employee Stock Option (right to buy) 65.81 2007-12-18 4 D 0 30000 D 2015-02-17 Common Stock 30000 0 D Employee Stock Option (right to buy) 65.81 2007-12-18 4 A 0 30000 A 2015-02-17 Common Stock 30000 30000 D Employee Stock Option (right to buy) 40.95 2007-12-18 4 D 0 15000 D 2015-09-02 Common Stock 15000 0 D Employee Stock Option (right to buy) 40.95 2007-12-18 4 A 0 15000 A 2015-09-02 Common Stock 15000 15000 D Employee Stock Option (right to buy) 33.86 2007-12-18 4 D 0 24322 D 2017-02-23 Common Stock 24322 0 D Employee Stock Option (right to buy) 33.86 2007-12-18 4 A 0 24322 A 2017-02-23 Common Stock 24322 24322 D The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on July 22, 2002 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 10, 2003 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 10, 2004 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 17, 2005 and provided for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant . On October 26, 2005, the Company's Board of Directors approved a partial acceleration of the vesting of this option so that this option became exercisable as to an additional number of shares equal to the number that would have been exercisable as of December 31, 2007. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on September 2, 2005 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date. The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 23, 2007 and provides for vesting as follows: 12.5% of the shares vest on the date that is six (6) months after the Grant Date; the remaining shares vest in forty-two (42) equal monthly installments beginning on the date that is seven (7) months after the Grant Date. All of the items reported on this form involve the amendment of outstanding options as a result of the Reporting Person entering into new executive employment and change-in-control agreements with the Issuer providing for an extension of the post-termination exercise period upon specified terminations of employment. The option amounts reported on this form do not reflect exercises under the old option prior to the date of the deemed cancellation. /s/ John S. LaMountain as Power of Attorney for David M. Lebolt 2007-12-20 -----END PRIVACY-ENHANCED MESSAGE-----