-----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, Khza8fDhptaXcNAeMidloVikjcCVQJQdIkrMeEosjC6nVhKG3FftLD8WLAfAOYNX mndQ9jmlNfQ24v7/UfnTMg== 0001354683-07-000011.txt : 20071220 0001354683-07-000011.hdr.sgml : 20071220 20071220180955 ACCESSION NUMBER: 0001354683-07-000011 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: Legon Joel CENTRAL INDEX KEY: 0001354683 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21174 FILM NUMBER: 071320381 BUSINESS ADDRESS: BUSINESS PHONE: 978-650-6789 MAIL ADDRESS: STREET 1: 20 PINE PASTURE RUN CITY: BOXBOUROUGH STATE: MA ZIP: 01719 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2007-12-18 0000896841 AVID TECHNOLOGY INC AVID 0001354683 Legon Joel 20 PINE PASTURE RUN BOXBOROUGH MA 01719 1 1 0 0 VP & Chief Financial Officer Employee Stock Option (right to buy) 47.02 2007-12-18 4 D 0 6000 D 2016-03-07 Common Stock 6000 0 D Employee Stock Option (right to buy) 47.02 2007-12-18 4 A 0 6000 A 2016-03-07 Common Stock 6000 6000 D Employee Stock Option (right to buy) 36.51 2007-12-18 4 D 0 24462 D 2017-07-19 Common Stock 24462 0 D Employee Stock Option (right to buy) 36.51 2007-12-18 4 A 0 24462 A 2017-07-19 Common Stock 24462 24462 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 March 7, 2006 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 July 19, 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 Joel Legon 2007-12-20 -----END PRIVACY-ENHANCED MESSAGE-----