Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Parisi Paige
2. Date of Event Requiring Statement (Month/Day/Year)
05/26/2006
3. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY INC [AVID]
(Last)
(First)
(Middle)
46 TROWBRIDGE STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & General Counsel
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CAMBRIDGE, MA 02138
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 200 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) 06/23/2004(2) 06/23/2013 Common Stock 1,150 $ 35.15 D  
Non-Qualified Stock Option (right to buy) 09/10/2004(3) 02/10/2014 Common Stock 435 $ 42.91 D  
Non-Qualified Stock Option (right to buy) 08/17/2005(4) 02/17/2015 Common Stock 800 $ 65.81 D  
Non-Qualified Stock Option (right to buy) 03/02/2006(5) 09/02/2015 Common Stock 600 $ 40.95 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Parisi Paige
46 TROWBRIDGE STREET
CAMBRIDGE, MA 02138
      VP & General Counsel  

Signatures

Paige Parisi 05/31/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Represents restricted stock unit award which shall vest over 4 years at the rate of 25% per year, with the first vesting date on March 9, 2007. This award includes a provision for the automatic withholding of shares to pay the withholding taxes due on each vesting date.
(2) 2.2% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 97.8% became/becomes exercisable in 36 equal monthly installments thereafter.
(3) 1.8% of the option became exercisable on the date listed in the "Date Exercisable" column; the remaining 98.2% became/becomes exercisable in 41 equal monthly installments thereafter.
(4) 12.5% of the option became exercisable on the date listed in the "Date Exercisable" column; 58.4% vested between the initial vest date and 10/26/05; the remaining 29.1% becomes exercisable in 14 equal monthly installments between 1/17/2008 and 2/17/2009
(5) 12.5% of the option becomes exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% becomes exercisable in 42 equal monthly installments thereafter.

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