Stephen Spears - Dec 3, 2021 Form 4 Insider Report for Avaya Holdings Corp. (AVYA)

Role
EVP and Chief Revenue Officer
Signature
/s/ Sara R. Bucholtz, as attorney in fact for Stephen Spears
Stock symbol
AVYA
Transactions as of
Dec 3, 2021
Transactions value $
-$367,224
Form type
4
Date filed
12/7/2021, 03:14 PM
Previous filing
Dec 2, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVYA Common Stock - Restricted Stock Units Options Exercise $0 -17K -8.25% $0.00 189K Dec 3, 2021 Direct F1, F2
transaction AVYA Common Stock, par value $0.01 per share Award $0 +43.3K +111.69% $0.00 82K Dec 3, 2021 Direct F1, F3
transaction AVYA Common Stock, par value $0.01 per share Tax liability -$147K -7.66K -9.35% $19.21* 74.3K Dec 3, 2021 Direct F4
transaction AVYA Common Stock, par value $0.01 per share Tax liability -$220K -11.8K -15.94% $18.57* 62.5K Dec 3, 2021 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock, par value $0.01 per share of Avaya Holdings Corp. ("Common Stock"), which vested pursuant to various Restricted Stock Unit (each, an "RSU") awards. These RSUs were previously reported on Table I on a Form 4.
F2 Consists of RSUs previously reported on a Form 4 in Table I that have not, as of yet, vested in accordance with their terms. Each RSU represents a contingent right to receive, at vesting, one share of Common Stock.
F3 Includes (i) 26,267 shares of Common Stock granted to the reporting person pursuant to such person's election, pursuant to the Avaya Holdings Corp. Stock Bonus Program (the "Stock Bonus Program"), to receive a portion of their Annual Incentive Bonus award for fiscal 2021 as Common Stock and (ii) the 16,992 shares issued upon the vesting of RSUs noted in footnote 1.
F4 Represents the number of shares of Common Stock withheld by Avaya Holdings Corp. to cover tax withholding obligations in connection with the vesting of RSUs. Pursuant to the terms and conditions of the Avaya Holdings Corp. 2019 Equity Incentive Plan, withholding taxes were calculated based on the closing price of Common Stock on December 2, 2021, the date immediately preceding the December 3rd vesting date.
F5 Represents the number of shares of Common Stock withheld by Avaya Holdings Corp. to cover tax withholding obligations in connection with the receipt of shares pursuant to the Stock Bonus Program. Pursuant to the terms of the Stock Bonus Program, withholding taxes were calculated based on the closing price of Common Stock on December 3, 2021.