0000897226-13-000007.txt : 20130219 0000897226-13-000007.hdr.sgml : 20130219 20130215115532 ACCESSION NUMBER: 0000897226-13-000007 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130215 DATE AS OF CHANGE: 20130215 SUBJECT COMPANY: 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: 1019 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43239 FILM NUMBER: 13618190 BUSINESS ADDRESS: STREET 1: 75 NETWORK DRIVE CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 978.640.6789 MAIL ADDRESS: STREET 1: 75 NETWORK DRIVE CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: AVID TECHNOLOGY INC DATE OF NAME CHANGE: 19930203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRIVATE CAPITAL MANAGEMENT CENTRAL INDEX KEY: 0000897226 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 593654603 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 8889 PELICAN BAY BLVD STREET 2: STE 500 CITY: NAPLES STATE: FL ZIP: 34108 BUSINESS PHONE: 9412542525 MAIL ADDRESS: STREET 1: 8889 PELICAN BAY BLVD STREET 2: STE 500 CITY: NAPLES STATE: FL ZIP: 34108 FORMER COMPANY: FORMER CONFORMED NAME: PRIVATE CAPITAL MANAGEMENT INC /FL DATE OF NAME CHANGE: 19950223 SC 13G/A 1 avid.txt AVID UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Name of Issuer) Avid Technology Inc. (Title of Class of Securities) Common Stock (CUSIP Number) 05367P100 Rule 13d-1(b) (Date of Event Which Requires Filing of This Statement) December 31, 2012 NAME OF REPORTING PERSON Private Capital Management, L.P. ("PCM") I.R.S. IDENTIFICATION NO. 59-3654603 MEMBER OF A GROUP? (b) X PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 257,350 SHARED VOTING POWER* 912,178 SOLE DISPOSITIVE POWER 257,350 SHARED DISPOSITIVE POWER 1,766,828 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** 2,024,178 PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 5.2% TYPE OF REPORTING PERSON IA ITEMS 1 - 10 OF GENERAL INSTRUCTIONS Item 1. (a)Name of Issuer: Avid Technology Inc. (b)Address of Issuer: 75 NETWORK DRIVE BURLINGTON MA 01803 Item 2. (a) Name of Person Filing: Private Capital Management, L.P. (b)Address of Person Filing: 8889 Pelican Bay Blvd., Suite 500, Naples, FL 34108 (c) Citizenship: Delaware (d) Title of Class of Securities: Common Stock Item 3. The reporting person is filing as an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. Item 4. Ownership (a) Amount Beneficially Owned** 2,024,178 (b) Percent of Class 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 257,350 (ii) shared power to vote or to direct the vote* 912,178 (iii) sole power to dispose or to direct the disposition of 257,350 (iv) shared power to dispose or to direct the disposition of 1,766,828 Item 5. Ownership of Five Percent or Less of Class: NO Item 6. Ownership of More than Five Percent on Behalf of Another Person: NO Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: NO Item 8. Identification and Classification of Members of the Group: NO Item 9. Notice of Dissolution of Group: NO Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. * PCM exercises shared voting authority with respect to shares held by those PCM clients that have delegated proxy voting authority to PCM. Such delegation may be granted or revoked at any time at the client's discretion. ** PCM disclaims beneficial ownership of shares over which it has dispositive power and disclaims the existence of a group. Signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 15, 2013 /s/ Chad D. Atkins General Counsel Duly authorized under Power of Attorney dated January 3, 2007 by and on behalf of Private Capital Management, L.P.