Theodore Walker Cheng-De King - 16 Dec 2022 Form 4 Insider Report for Avaya Holdings Corp.

Reporting relationship
10%+ Owner
Issuer ticker
N/A
Reported as of
16 Dec 2022
Net transaction value
-$898,360
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Dec 2022, 15:15:13 UTC
Prior SEC filing
16 Dec 2022
Next SEC filing
14 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Theodore Walker Cheng-De King

Key filing fact

Theodore Walker Cheng-De King filed Form 4 for Avaya Holdings Corp. on 20 Dec 2022.

Key facts

  • This page summarizes Theodore Walker Cheng-De King's Form 4 filing for Avaya Holdings Corp..
  • 2 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 20 Dec 2022, 15:15.

Change

  • Previous filing in this sequence was filed on 16 Dec 2022.
  • Current net transaction value: -$898,360.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVYA transaction

Common Stock

Sale

Transaction value
$464,071
Shares
-2,356,888
Change %
-18%
Price
$0.1969*
Shares after
10,874,462
Date
16 Dec 2022
Ownership
Direct
Footnotes
F1
AVYA transaction

Common Stock

Sale

Transaction value
$434,288
Shares
-2,406,030
Change %
-22%
Price
$0.1805*
Shares after
8,468,432
Date
16 Dec 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVYA holding Derivative

2.25% Convertible Senior Notes due 2023

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
500,000
Date
16 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,012
Exercise price
$27.76
Footnotes
F3, F4
AVYA holding Derivative

2.25% Convertible Senior Notes due 2023

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
618,000
Date
16 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
22,262
Exercise price
$27.76
Footnotes
F3, F4
AVYA holding Derivative

2.25% Convertible Senior Notes due 2023

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000,000
Date
16 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
36,023
Exercise price
$27.76
Footnotes
F3, F4
AVYA holding Derivative

2.25% Convertible Senior Notes due 2023

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000,000
Date
16 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
36,023
Exercise price
$27.76
Footnotes
F3, F4
AVYA holding Derivative

Put Option (obligation to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
50,000
Date
16 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,000,000
Exercise price
$1.50
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Theodore Walker Cheng-De King is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $0.1800 to $0.2804. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in transactions at prices ranging from $0.1700 to $0.1913. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F3

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;

Footnote F4

(Continued from Footnote 3) (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 Issuer's common stock and the conversion rate on each such trading day; or (c) upon the occurrence of certain specified corporate events.

Footnote F5

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.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .