Statement of Changes in Beneficial Ownership (4)
June 22 2020 - 5:20PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Asmar Christian |
2. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY, INC.
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AVID
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
152 WEST 57TH STREET, 17TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/18/2020 |
(Street)
NEW YORK CITY, NY 10019
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 6/18/2020 | | P | | 10375 | A | $6.9836 | 6757450 | I | See Footnote (2) |
Common Stock (1) | 6/22/2020 | | P | | 16241 | A | $6.9883 | 6773691 | I | See Footnote (2) |
Common Stock (1) | | | | | | | | 25341 | D (3) | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Asmar Christian 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY, NY 10019 | X | X |
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Impactive Capital LP 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY, NY 10019 |
| X |
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Impactive Capital GP LLC 152 WEST 57TH STREET, 17TH FLOOR NEW YORK CITY, NY 10019 |
| X |
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Impactive Capital LLC 152 WEST 57TH, 17TH FLOOR NEW YORK CITY, NY 10019 |
| X |
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Wolfe Lauren Taylor 152 WEST 57TH, 17TH FLOOR NEW YORK CITY, NY 10019 |
| X |
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Signatures
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/s/ Christian Asmar | | 6/22/2020 |
**Signature of Reporting Person | Date |
IMPACTIVE CAPTIAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member | | 6/22/2020 |
**Signature of Reporting Person | Date |
IMPACTIVE CAPITAL GP LLC, By: /s/ Lauren Taylor Wolfe, Managing Member | | 6/22/2020 |
**Signature of Reporting Person | Date |
IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member | | 6/22/2020 |
**Signature of Reporting Person | Date |
/s/ Lauren Taylor Wolfe | | 6/22/2020 |
**Signature of Reporting Person | Date |
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