Susan Louise Spradley, a director of Avaya Holdings Corp., recently acquired 4,040 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on February 12, 2019. Spradley now owns 16,887 shares of the company. Spradley operates out of Santa Clara, CA. Some additional info was provided as follows:
Each Restricted Stock Unit (each, an "RSU") 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"). These RSUs were granted on February 12, 2019 pursuant to the Avaya Holdings Corp. 2017 Equity Incentive Plan (the "EIP").
These RSUs vested in full on the grant date. Distribution of this Common Stock will
be deferred until the earliest to occur of: (x) February 12, 2022, (y) the reporting person's separation of service from the registrant and (z) a "change in control" of the registrant, as defined in the EIP.
These securities consist of (i) the 4,040 RSUs reported on this form and (ii) 12,847 shares of Common Stock, the distribution of which is deferred until the earliest to occur of (x) December 15, 2020, (y) the reporting person's separation of service from the registrant and (z) a "change in control" of the registrant, as defined in the EIP.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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