SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

REID CAROL L

(Last)

(First)

(Middle)

12 DURHAM DRIVE

(Street)

ANDOVER

01810

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY INC [ AVID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & Corporate Controller

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/29/2003		M		5,000	A	$21.4375	6,275	D
Common Stock	07/29/2003		M		809	A	$22.01	7,084	D
Commopn Stock	07/29/2003		M		441	A	$22.01	7,525	D
Common Stock	07/29/2003		M		208	A	$21.17	7,733	D
Common Stock	07/29/2003		S		500	D	$46.82	7,233	D
Common Stock	07/29/2003		S		297	D	$46.81	6,936	D
Common Stock	07/29/2003		S		500	D	$46.8	6,436	D
Common Stock	07/29/2003		S		100	D	$46.78	6,336	D
Common Stock	07/29/2003		S		3,000	D	$46.66	3,336	D
Common Stock	07/29/2003		S		1,000	D	$46.64	2,336	D
Common Stock	07/29/2003		S		10	D	$46.59	2,326	D
Common Stock	07/29/2003		S		100	D	$46.57	2,226	D
Common Stock	07/29/2003		S		200	D	$46.56	2,026	D
Common Stock	07/29/2003		S		751	D	$46.5	1,275	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$21.4375	07/29/2003		M			5,000⁽¹⁾	12/29/1999	12/29/2008	Common Stock	5,000	$0	0	D
Incentive Stock Option (right to buy)	$22.01	07/29/2003		M			809⁽²⁾	07/10/2003	01/10/2013	Common Stock	809	$0	7,321	D
Non-Qualified Stock Options (right to buy)	$22.01	07/29/2003		M			441⁽²⁾	07/10/2003	01/10/2013	Common Stock	441	$0	1,429	D
Non-Qualified Stock Option (right to buy)	$21.17	07/29/2003		M			208⁽²⁾	07/13/2003	01/13/2013	Common Stock	208	$0	6,835	D

Explanation of Responses:

1. Twenty-five percent of the option vests on the date listed in the "Date Exercisable" column; the remaining seventy-five percent becomes exercisable in twelve quarterly installments beginning three months after the date listedi n the "Date Exercisable" column.

2. 12.5% of the grant becomes exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% vests in 42 equal monthly installments thereafter.

Remarks:

	Carol L. Reid	07/31/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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