-----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, TVziiFf2/ZDWY+ZlIUgm9Z72a4yNIkXLSLu/GDyDx96wwmWdnSoBa5+vaAHesxtK CMHFk5+MWtv9cMbl0yCXTw== 0001364135-07-000008.txt : 20071220 0001364135-07-000008.hdr.sgml : 20071220 20071220174325 ACCESSION NUMBER: 0001364135-07-000008 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: Parisi Paige CENTRAL INDEX KEY: 0001364135 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21174 FILM NUMBER: 071320258 BUSINESS ADDRESS: BUSINESS PHONE: 978-640-6789 MAIL ADDRESS: STREET 1: 46 B TROWBRIDGE STREET CITY: CAMBRIGDE STATE: MA ZIP: 02138 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2007-12-18 0000896841 AVID TECHNOLOGY INC AVID 0001364135 Parisi Paige 46 TROWBRIDGE STREET CAMBRIDGE MA 02138 0 1 0 0 VP & General Counsel Employee Stock Option (right to buy) 35.15 2007-12-18 4 D 0 1500 D 2013-06-23 Common Stock 1500 0 D Employee Stock Option (right to buy) 35.15 2007-12-18 4 A 0 1500 A 2013-06-23 Common Stock 1500 1500 D Employee Stock Option (right to buy) 42.91 2007-12-18 4 D 0 500 D 2014-02-10 Common Stock 500 0 D Employee Stock Option (right to buy) 42.91 2007-12-18 4 A 0 500 A 2014-02-10 Common Stock 500 500 D Employee Stock Option (right to buy) 65.81 2007-12-18 4 D 0 800 D 2015-02-17 Common Stock 800 0 D Employee Stock Option (right to buy) 65.81 2007-12-18 4 A 0 800 A 2015-02-17 Common Stock 800 800 D Employee Stock Option (right to buy) 40.95 2007-12-18 4 D 0 600 D 2015-09-02 Common Stock 600 0 D Employee Stock Option (right to buy) 40.95 2007-12-18 4 A 0 600 A 2015-09-02 Common Stock 600 600 D Employee Stock Option (right to buy) 39.09 2007-12-18 4 D 0 10000 D 2016-05-26 Common Stock 10000 0 D Employee Stock Option (right to buy) 39.09 2007-12-18 4 A 0 10000 A 2016-05-26 Common Stock 10000 10000 D Employee Stock Option (right to buy) 33.86 2007-12-18 4 D 0 14188 D 2017-02-23 Common Stock 14188 0 D Employee Stock Option (right to buy) 33.86 2007-12-18 4 A 0 14188 A 2017-02-23 Common Stock 14188 14188 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 June 23, 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 May 26, 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 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 Paige Parisi 2007-12-20 -----END PRIVACY-ENHANCED MESSAGE-----