Marion R. Foote - 19 Oct 2022 Form 4 Insider Report for AVALARA, INC.

Role
Director
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
19 Oct 2022
Net transactions value
-$34,117,104
Form type
4
Filing time
19 Oct 2022, 17:05:20 UTC
Previous filing
09 Jun 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
transaction AVLR Common Stock Gift $0 -32,100 -8.1% $0.000000 364,341 17 Oct 2022 Direct F1
transaction AVLR Common Stock Disposed to Issuer $34,065,884 -364,341 -100% $93.50 0 19 Oct 2022 Direct F2

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 AVLR Stock Option (right to buy) Disposed to Issuer $51,221 -2,459 -100% $20.83 0 19 Oct 2022 Common Stock 2,459 $72.67 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Marion R. Foote is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reported disposition represents a bona fide gift made by the Reporting Person.
F2 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 8, 2022, by and among the Issuer, Lava Intermediate, Inc. and Lava Merger Sub, Inc., pursuant to which the outstanding shares of the Issuer's Common Stock (other than certain excluded shares) were converted into the right to receive, without interest, the cash merger consideration of $93.50 per share. Amount includes 2,254 restricted stock units held by the Reporting Person whose acquisition was previously reported in Table I that became fully vested immediately prior to the effective time of the merger and thereafter were cancelled and converted into the right to receive, without interest, $93.50 per share.
F3 Pursuant to the Merger Agreement, immediately prior to the effective time of the merger, the option was cancelled and converted into the right to receive, without interest, the cash merger consideration of $93.50 for each share subject to the option (whether vested or unvested), less the per share exercise price. Options held by the Reporting Person with exercise prices greater than $93.50 per share were cancelled without the payment of any consideration therefor. The disposition of such options is not reported.