UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | 03/02/2006(2) | 09/02/2015 | Common Stock | 1,390 | $ 40.95 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ryan Timothy D 1560 MEADOWBROOK ROAD ALTADENA, CA 91001 |
 |  |  VP & General Manager M-Audio |  |
Timothy D. Ryan | 06/01/2006 | |
**Signature of Reporting Person | Date |
* | 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) | The shares are currently held in escrow pursuant to a General Escrow Agreement and a Tax Escrow Agreement, each executed in August 2004 in connection with Avid's acquisition of Midiman, Inc. (d/b/a M-Audio). The escrowed shares are subject to forfeiture for varying time periods as a result of M-Audio's breach of certain representations and warranties contained in the Agreement and Plan of Merger executed in August 2004 in connection with Avid's acquisition of M-Audio. |
(2) | 12.5% of the shares underlying the option become exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% of the shares underlying the option become exercisable in 42 equal monthly installments thereafter. |