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Filing Details

Accession Number:: 0000921895-22-001732
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-18 18:23:19
Reporting Period:: 2022-05-16

Accepted Time:: 2022-05-18 18:23:19
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	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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-05-16	250,000	$24.73	7,131,793	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2022-05-18	6,242	$0.00	36,577	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	A	Direct

Footnotes

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.