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 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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1. Name and Address of Reporting Person * LEBOLT DAVID   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) General Manager, Digidesign (Last) (First) (Middle) 461 2ND STREET 3. Date of Earliest Transaction (Month/Day/Year) 11/16/2004 (Street) SAN FRANCISCO, CA 94107 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 11/16/2004   M   4,625 A $ 12.8 4,625 D   Common Stock 11/16/2004   M   3,646 A $ 10.7 8,271 D   Common Stock 11/16/2004   M   2,187 A $ 14.13 10,458 D   Common Stock 11/16/2004   M   8,750 A $ 8.41 19,208 D   Common Stock 11/16/2004   M   6,463 A $ 22.01 25,671 D   Common Stock 11/16/2004   M   3,938 A $ 42.91 29,609 D   Common Stock 11/16/2004   S   28,509 D $ 57 1,100 D   Common Stock 11/16/2004   S   100 D $ 57.02 1,000 D   Common Stock 11/16/2004   S   400 D $ 57.05 600 D   Common Stock 11/16/2004   S   600 D $ 57.01 0 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Non-Qualified Stock Option (right to buy)

$ 12.8

11/16/2004

M

4,625

10/17/2001(1)

04/17/2011

Common Stock

4,625

$ 0

4,625

D

Non-Qualified Stock Option (right to buy)

$ 10.7

11/16/2004

M

3,646

01/24/2002(1)

07/24/2011

Common Stock

3,646

$ 0

4,687

D

Non-Qualified Stock Option (right to buy)

$ 14.13

11/16/2004

M

2,187

09/06/2002(1)

03/06/2012

Common Stock

2,187

$ 0

5,000

D

Non-Qualified Stock Option (right to buy)

$ 8.41

11/16/2004

M

8,750

01/22/2003(1)

07/22/2012

Common Stock

8,750

$ 0

26,250

D

Incentive Stock Option (right to buy)

$ 22.01

11/16/2004

M

2,650

07/10/2003(1)

01/10/2013

Common Stock

2,650

$ 0

10,090

D

Non-Qualified Stock Option (right to buy)

$ 22.01

11/16/2004

M

3,813

07/10/2003(1)

01/10/2013

Common Stock

3,813

$ 0

6,160

D

Non-Qualified Stock Option (right to buy)

$ 42.91

11/16/2004

M

3,938

08/10/2004(1)

02/10/2014

Common Stock

3,938

$ 0

17,062

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LEBOLT DAVID 461 2ND STREET SAN FRANCISCO, CA 94107			General Manager, Digidesign

Signatures

Dave Lebolt		11/17/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	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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