SEC Form 4 · accession 0001418100-19-000014
Avaya Holdings Corp. · AVYA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Chirico
Officer — President & CEO · Director
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001418100
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF2,F1,F3 | — | Feb 11, 2019 | A | 274,223 | A | — | — | Common Stock, par value $0.01 per share | 274,223 | 274,223 | D |
Explanation of responses
- F1Each Performance Restricted Stock Unit (each, a "PRSU") represents a contingent right to receive, at vesting, one share of common stock, par value $0.01 per share, of Avaya Holdings Corp. ("Common Stock") if the related performance goals are achieved.
- F2These PRSUs were granted on February 11, 2019 pursuant to the Avaya Holdings Corp. 2017 Equity Incentive Plan.
- F3These PRSUs will be earned if and when the average closing price of one share of Common Stock for 60 consecutive days during the three year period beginning on the grant date equals or exceeds $23.50, provided that the earned PRSUs will not be settled until the third anniversary of the grant date, subject to satisfaction of the service-based vesting requirements set forth in the award agreement.