Theodore Walker Cheng-De King - Nov 30, 2022 Form 4 Insider Report for Avaya Holdings Corp. (AVYA)

Role: 10%+ Owner
Signature: /s/ Theodore Walker Cheng-De King
Stock symbol: AVYA
Transactions as of: Nov 30, 2022
Transactions value $: $496,481,500,000
Form type: 4
Date filed: 12/2/2022, 03:15 PM
Previous filing: Sep 19, 2022
Next filing: Dec 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AVYA	Common Stock						13.2M	Nov 30, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AVYA	2.25% Convertible Senior Notes due 2023	Purchase	$248B	+1M		$248,237.50^*	1M	Nov 30, 2022	Common Stock	36K	$27.76	Direct	F1, F2
transaction	AVYA	2.25% Convertible Senior Notes due 2023	Purchase	$248B	+1M		$248,244.00^*	1M	Nov 30, 2022	Common Stock	36K	$27.76	Direct	F1, F2
holding	AVYA	Put Option (obligation to buy)						50K	Nov 30, 2022	Common Stock	5M	$1.50	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On or after March 15, 2023, and until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert the Convertible Senior Notes at the holders' option. Holders may convert the Convertible Senior Notes, at the holders' option, prior to March 15, 2023 only under the following circumstances: (a) during any calendar quarter, if the last reported sale price of the Company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;
F2	(Continued footnote 1) (b) during the five business day period after any five consecutive trading day period (the "Measurement Period") in which the trading price per $1,000 principal amount of the Convertible Senior Notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sales price of the Company's common stock and the conversion rate on each such trading day; or (c) upon the occurrence of specified corporate events.
F3	These are put option contracts written by the Reporting Person which provide that the Reporting Person will be required to purchase shares of Common Stock at the stated strike price if the counterparty exercises such option. Exchange-traded options are immediately exercisable and remain exercisable until expiration.