X0202 4 2005-08-09 1 0000774695 PINNACLE SYSTEMS INC PCLE 0001290937 Bogard Marina 280 N. BERNARDO AVENUE MOUNTAIN VIEW CA 94043 0 1 0 0 VP Sales/Dist.-Americas/Japan Common Stock 2005-08-09 4 D 0 4652 D 0 D Pursuant to the terms of the Agreement and Plan of Merger, dated as of March 20, 2005, by and among Pinnacle Systems, Inc., a California corporation, Highest Mountain Corporation, a California corporation, and Avid Technology, Inc., a Delaware corporation (the "Merger Agreement"), upon the closing of the merger on August 9, 2005 each outstanding share of Pinnacle Systems, Inc. common stock was converted into the right to receive 0.0869 of a share of Avid Technology, Inc. common stock having a fair market balue of $38.45 on such date plus $1.00 in cash. Christie Branson for Marina Bogard 2005-08-11