Kevin Speed - Feb 15, 2022 Form 4 Insider Report for Avaya Holdings Corp. (AVYA)

Signature
/s/ Danielle Bagatta, as attorney in fact for Kevin Speed
Stock symbol
AVYA
Transactions as of
Feb 15, 2022
Transactions value $
-$22,013
Form type
4
Date filed
2/16/2022, 04:28 PM
Previous filing
Dec 7, 2021
Next filing
Apr 19, 2022

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 -2.3K -5.22% $0.00 41.8K Feb 15, 2022 Direct F1, F2
transaction AVYA Common Stock, par value $0.01 per share Award $0 +2.3K +25.71% $0.00 11.3K Feb 15, 2022 Direct F1
transaction AVYA Common Stock, par value $0.01 per share Options Exercise $0 +1.41K +12.51% $0.00 12.7K Feb 15, 2022 Direct F3
transaction AVYA Common Stock, par value $0.01 per share Tax liability -$22K -1.55K -12.23% $14.22* 11.1K Feb 15, 2022 Direct F4

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 Restricted Stock Units Options Exercise $0 -1.41K -19.98% $0.00 5.64K Feb 15, 2022 Common Stock 1.41K $0.00 Direct F5, F6, F7
* 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 a Restricted Stock Unit (each, an "RSU") award. The RSUs were previously reported on Table I on a Form 3 or Form 4.
F2 These securities consist of RSUs previously reported on a Form 3 or 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 These shares of Common Stock represent RSUs that have vested as set forth in Table II. The terms of these RSUs permit Avaya Holdings Corp. to settle the RSUs, upon vesting, with cash or, under certain circumstances, Common Stock as more fully described in footnote 5. Avaya Holdings Corp. determined to settle these RSUs with Common Stock.
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.
F5 Each of these RSUs represents a contingent right to receive, at vesting, an amount in cash equal to (x) the number of vested RSUs multiplied by (y) the closing price of one share of Common Stock on the trading day immediately preceding the settlement date; provided, that to the extent there are shares of Common Stock available under the Avaya Holdings Corp. 2019 Equity Incentive Plan when the applicable portion of RSUs are settled and an effective registration statement is on file with the Securities and Exchange Commission for such shares, Avaya Holdings Corp. may deliver one share of Common Stock for each vested RSU.
F6 Represents RSUs that have vested as the Common Stock set forth in Table I.
F7 Represents RSUs granted on December 6, 2019 pursuant to the Avaya Holdings Corp. 2019 Equity Incentive Plan, with 33.34% vesting on February 15, 2021 and 8.33% vesting each May 15, August 15, November 15 and February 15 thereafter.