Sec Form 4 Filing - MILBURY PAUL J @ AVID TECHNOLOGY INC - 2006-03-09

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

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, 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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1. Name and Address of Reporting Person MILBURY PAUL J 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 & Chief Financial Officer (Last) (First) (Middle) 21 BEAVER STREET 3. Date of Earliest Transaction (MM/DD/YY) 03/09/2006 (Street) BOSTON, MA02108 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 03/09/2006 A 7,473 ( 1 ) A $ 0 7,573 D Common Stock 03/10/2006 M 1,137 A $ 14.13 8,710 D Common Stock 03/10/2006 M 424 A $ 14.13 9,134 D Common Stock 03/10/2006 M 985 A $ 22.01 10,119 D Common Stock 03/10/2006 M 3,182 A $ 22.01 13,301 D Common Stock 03/10/2006 S 5,428 D $ 46.66 7,873 D Common Stock 03/10/2006 S 300 D $ 46.7267 7,573 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Incentive Stock Option (right to buy) $ 14.13 03/10/2006 M 1,137 09/06/2002( 2 ) 03/06/2012 Common Stock 1,137 $ 0 0 D Non-Qualifed Stock Option (right to buy) $ 14.13 03/10/2006 M 424 09/06/2002( 2 ) 03/06/2012 Common Stock 424 $ 0 0 D Incentive Stock Option (right to buy) $ 22.01 03/10/2006 M 985 07/10/2003( 2 ) 01/10/2013 Common Stock 985 $ 0 3,789 D Non-Qualified Stock Option (right to buy) $ 22.01 03/10/2006 M 3,182 07/10/2003( 2 ) 01/10/2013 Common Stock 3,182 $ 0 4,544 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MILBURY PAUL J 21 BEAVER STREET BOSTON, MA02108 VP & Chief Financial Officer Signatures Paul J. Milbury 03/13/2006 Signature of Reporting Person Date

Explanation of Responses:

( 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 )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.

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).

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