Filing Details
- Accession Number:
- 0000899243-22-039113
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-12-20 16:15:13
- Reporting Period:
- 2022-12-16
- Accepted Time:
- 2022-12-20 16:15:13
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1418100 | Avaya Holdings Corp. | AVYA | Services-Prepackaged Software (7372) | 261119726 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1773585 | Cheng-De Walker Theodore King | Unit 1502, 15Th Floor, 99 Hennessy Road Wanchai, Hong Kong K3 999077 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2022-12-16 | 2,356,888 | $0.20 | 10,874,462 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-12-16 | 2,406,030 | $0.18 | 8,468,432 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | 2.25% Convertible Senior Notes due 2023 | $27.76 | 2023-06-15 | 18,012 | 500,000 | Direct | |
| Common Stock | 2.25% Convertible Senior Notes due 2023 | $27.76 | 2023-06-15 | 22,262 | 618,000 | Direct | |
| Common Stock | 2.25% Convertible Senior Notes due 2023 | $27.76 | 2023-06-15 | 36,023 | 1,000,000 | Direct | |
| Common Stock | 2.25% Convertible Senior Notes due 2023 | $27.76 | 2023-06-15 | 36,023 | 1,000,000 | Direct | |
| Common Stock | Put Option (obligation to buy) | $1.50 | 2023-03-17 | 5,000,000 | 50,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2023-06-15 | 18,012 | 500,000 | Direct |
| 2023-06-15 | 22,262 | 618,000 | Direct |
| 2023-06-15 | 36,023 | 1,000,000 | Direct |
| 2023-06-15 | 36,023 | 1,000,000 | Direct |
| 2023-03-17 | 5,000,000 | 50,000 | Direct |
Footnotes
- 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.
- 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.
- 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;
- (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.
- 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.
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