Filing Details

Accession Number:
0000921895-20-001770
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-06-15 17:00:02
Reporting Period:
2020-06-11
Accepted Time:
2020-06-15 17:00:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
896841 Avid Technology Inc. AVID Services-Prepackaged Software (7372) 042977748
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1699118 Taylor Lauren Wolfe 152 West 57Th, 17Th Floor
New York City NY 10019
No No Yes No
1786731 Impactive Capital Llc 152 West 57Th, 17Th Floor
New York City NY 10019
No No Yes No
1786733 Impactive Capital Gp Llc 152 West 57Th Street, 17Th Floor
New York City NY 10019
No No Yes No
1786767 Impactive Capital Lp 152 West 57Th Street, 17Th Floor
New York City NY 10019
No No Yes No
1787532 Christian Asmar 152 West 57Th Street, 17Th Floor
New York City NY 10019
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-06-11 94,942 $7.37 6,734,624 No 4 P Indirect See Footnote
Common Stock Acquisiton 2020-06-15 12,451 $6.89 6,747,075 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 25,341 Direct
Footnotes
  1. 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.
  2. 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.
  3. Securities of the Issuer directly beneficially owned by Mr. Asmar, including 16,381 shares of Common Stock underlying certain RSUs, which will vest in full on the earlier of the date of the Issuer's 2021 Annual Meeting of Stockholders or April 30, 2021.