SEC Form 4 · accession 0000899243-19-006097
AVALARA, INC. · AVLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alesia Lee Pinney
Officer — See Remarks
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348036
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2019 | M | 100,000 | $5.18 | A | 124,455 | D | |
| Common Stock | Mar 1, 2019 | M | 87,500 | $8.04 | A | 211,955 | D | |
| Common StockF2 | Mar 1, 2019 | S | 49,552 | $50.03 | D | 162,403 | D | |
| Common StockF3 | Mar 1, 2019 | S | 126,788 | $50.97 | D | 35,615 | D | |
| Common StockF4 | Mar 1, 2019 | S | 11,160 | $51.61 | D | 24,455 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $5.18 | Mar 1, 2019 | M | 100,000 | D | Apr 29, 2017 | May 22, 2023 | Common Stock | 100,000 | 0 | D |
| Stock Option (Right to Buy) | $8.04 | Mar 1, 2019 | M | 87,500 | D | Jan 1, 2018 | Feb 25, 2024 | Common Stock | 87,500 | 0 | D |
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 16, 2018.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.42 to $50.41, inclusive. Upon request by Avalara, Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.42 to $51.41, inclusive. Upon request by Avalara, Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.42 to $51.72, inclusive. Upon request by Avalara, Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range.
Remarks
Executive Vice President, General Counsel, and Secretary