SEC Form 4 · accession 0001437749-18-020459
AVALON HOLDINGS CORP · AWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J McMahon
Officer — See Remarks
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 9:21 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001061069
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 9, 2018 | M | 15,000 | $2.48 | A | 15,000 | D | |
| Common StockF1 | Nov 9, 2018 | S | 15,000 | $4.50 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $2.48 | Nov 9, 2018 | M | 15,000 | D | Mar 1, 2010 | Mar 1, 2020 | Class A Common Stock | 15,000 | 135,000 | D |
Explanation of responses
- F1The shares sold were acquired contemporaneously upon the cashless exercise of a stock option at an exercise price of $2.48 per share.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting person on August 28, 2018.
- F3The date indicated is the grant date and the options vest in five equal installments beginning one year from the grant date. At the end of each vesting period, the Avalon Holdings Corporation Class A common stock must reach a predetermined market price within three years before the vested options are exercisable.
Remarks
CEO AMERICAN WASTE MGMNT SERVICES, INC (Subsidiary of Avalon Holdings Corporation)