Theodore Walker Cheng-De King - 14 Dec 2022 Form 4 Insider Report for Avaya Holdings Corp.

Role: 10%+ Owner
Signature: /s/ Theodore Walker Cheng-De King
Issuer symbol: N/A
Transactions as of: 14 Dec 2022
Net transactions value: +$29,643,875,000
Form type: 4
Filing time: 16 Dec 2022, 15:15:33 UTC
Previous filing: 09 Dec 2022
Next filing: 20 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AVYA	Common Stock						13,231,350	14 Dec 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	$29,643,875,000	+500,000		$59287.75^*	500,000	14 Dec 2022	Common Stock	18,012	$27.76	Direct	F1, F2
holding	AVYA	2.25% Convertible Senior Notes due 2023						618,000	14 Dec 2022	Common Stock	22,262	$27.76	Direct	F1, F2
holding	AVYA	2.25% Convertible Senior Notes due 2023						1,000,000	14 Dec 2022	Common Stock	36,023	$27.76	Direct	F1, F2
holding	AVYA	2.25% Convertible Senior Notes due 2023						1,000,000	14 Dec 2022	Common Stock	36,023	$27.76	Direct	F1, F2
holding	AVYA	Put Option (obligation to buy)						50,000	14 Dec 2022	Common Stock	5,000,000	$1.50	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Holders may convert the Convertible Senior Notes at the holders' option on or after March 15, 2023. In addition, 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 Issuer'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; (b) during the five business day period after any five consecutive trading day period (the "Measurement Period")
F2	(Continued from Footnote 1), 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 Issuer's common stock and the conversion rate on each such trading day; or (c) upon the occurrence of certain 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.