SADRIAN JUSTIN 4

Accession 0000899243-18-017236

CIK 0001348036other

View on SEC.gov Company Profile

Filed

Jun 18, 8:00 PM ET

Accepted

Jun 19, 6:45 PM ET

Size

64.1 KB

Accession

0000899243-18-017236

Insider Transaction Report

Form 4

Period: 2018-01-24

AVALARA INCAVLR

SADRIAN JUSTIN

Director10% Owner

Transactions

Conversion
Common Stock
2018-06-19+2,070→ 69,489 total(indirect: By Warburg Pincus XI Partners, L.P.)
Conversion
Common Stock
2018-06-19+2,316→ 73,005 total(indirect: By Warburg Pincus XI Partners, L.P.)
Conversion
Common Stock
2018-06-19+3,231,505→ 13,262,002 total(indirect: By WPXI Finance, LP)
Award
Warrant (right to buy)
2018-01-24+10,000→ 10,000 total
Exercise: $16.60→ Common Stock (10,000 underlying)
Exercise/Conversion
Warrant (right to buy)
2018-06-11−10,000→ 0 total
Exercise: $12.20→ Common Stock (10,000 underlying)
Exercise/Conversion
Warrant (right to buy)
2018-06-11−10,000→ 0 total
Exercise: $13.84→ Common Stock (10,000 underlying)
Conversion
Series A-1 Preferred Stock
2018-06-19−4,140→ 0 total(indirect: By Warburg Pincus XI Partners, L.P.)
→ Common Stock (2,070 underlying)
Conversion
Series B Preferred Stock
2018-06-19−2,401→ 0 total(indirect: By Warburg Pincus XI Partners, L.P.)
→ Common Stock (1,200 underlying)
Conversion
Series D-2 Preferred Stock
2018-06-19−6,463,011→ 0 total(indirect: By WPXI Finance, LP)
→ Common Stock (3,231,505 underlying)
Conversion
Series D Preferred Stock
2018-06-19−4,632→ 0 total(indirect: By Warburg Pincus XI Partners, L.P.)
→ Common Stock (2,316 underlying)
Exercise/Conversion
Common Stock
2018-06-11$12.60/sh+10,000$126,000→ 20,000 total
Conversion
Common Stock
2018-06-19+39,335→ 1,320,483 total(indirect: By WPXI Finance, LP)
Conversion
Common Stock
2018-06-19+1,200→ 70,689 total(indirect: By Warburg Pincus XI Partners, L.P.)
Conversion
Common Stock
2018-06-19+44,005→ 1,387,302 total(indirect: By WPXI Finance, LP)
Conversion
Common Stock
2018-06-19+8,643,195→ 10,030,497 total(indirect: By WPXI Finance, LP)
Exercise/Conversion
Warrant (right to buy)
2018-06-11−10,000→ 0 total
Exercise: $12.60→ Common Stock (10,000 underlying)
Conversion
Series A-1 Preferred Stock
2018-06-19−78,670→ 0 total(indirect: By WPXI Finance, LP)
→ Common Stock (39,335 underlying)
Conversion
Series D-2 Preferred Stock
2018-06-19−340,158→ 0 total(indirect: By Warburg Pincus XI Partners, L.P.)
→ Common Stock (170,078 underlying)
Conversion
Series D Preferred Stock
2018-06-19−88,011→ 0 total(indirect: By WPXI Finance, LP)
→ Common Stock (44,005 underlying)
Exercise/Conversion
Common Stock
2018-06-11$12.20/sh+10,000$122,000→ 10,000 total
Exercise/Conversion
Common Stock
2018-06-11$13.84/sh+10,000$138,400→ 30,000 total
Exercise/Conversion
Common Stock
2018-06-11$16.60/sh+10,000$166,000→ 40,000 total
Conversion
Common Stock
2018-06-19+22,814→ 1,343,297 total(indirect: By WPXI Finance, LP)
Conversion
Common Stock
2018-06-19+454,904→ 527,909 total(indirect: By Warburg Pincus XI Partners, L.P.)
Conversion
Common Stock
2018-06-19+170,078→ 697,987 total(indirect: By Warburg Pincus XI Partners, L.P.)
Exercise/Conversion
Warrant (right to buy)
2018-06-11−10,000→ 0 total
Exercise: $16.60→ Common Stock (10,000 underlying)
Conversion
Series B Preferred Stock
2018-06-19−45,629→ 0 total(indirect: By WPXI Finance, LP)
→ Common Stock (22,814 underlying)
Conversion
Series D-1 Preferred Stock
2018-06-19−909,810→ 0 total(indirect: By Warburg Pincus XI Partners, L.P.)
→ Common Stock (454,904 underlying)
Conversion
Series D-1 Preferred Stock
2018-06-19−17,286,391→ 0 total(indirect: By WPXI Finance, LP)
→ Common Stock (8,643,195 underlying)

Footnotes (7)

[F1]The shares issuable upon exercise of the warrant are subject to the terms of a lock-up agreement entered into in connection with the Issuer's initial public offering.
[F2]Shares of preferred stock automatically converted into shares of common stock on a 2-to-1 basis immediately prior to the closing of the Issuer's initial public offering with cash paid in lieu of a fractional share. The preferred stock had no expiration date.
[F3]Warburg Pincus Private Equity XI, L.P. ("WPXI") holds shares through its subsidiary, WPXI Finance, LP ("WPXIF"). Warburg Pincus XI Partners, L.P. ("WPXI Partners") also holds shares and together with WPXI is referred to as the "WPXI Funds." WPXI GP, L.P. ("WPXIF GP") is the managing general partner of WPXIF. WPXI is the general partner of WPXIF GP. Warburg Pincus XI, L.P. ("WP XI GP") is the general partner of each of WPXI and WPXI Partners. WP Global LLC ("WP Global") is the general partner of WP XI GP. Warburg Pincus Partners II, L.P. ("WPP II") is the managing member of WP Global. Warburg Pincus Partners GP LLC ("WPP GP LLC") is the general partner of WPP II. Warburg Pincus & Co. ("WP") is the managing member of WPP GP LLC. Warburg Pincus LLC ("WP LLC") is the manager of the WPXI Funds.
[F4](Continued from Footnote 3) Charles R. Kaye and Joseph P. Landy are each Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus entities. Mr. Sadrian, a director of the Issuer, is a Partner of WP and a Member and Managing Director of WP LLC. All shares indicated as owned by Mr. Sadrian are included because of his affiliation with the above-referenced Warburg Pincus entities. Mr. Sadrian disclaims beneficial ownership of all shares held by the Warburg Pincus entities, except to the extent of his pecuniary interest therein, if any.
[F5]The warrant was fully exercisable upon grant.
[F6]Unless sooner exercised, the warrant expires immediately prior to the closing of the Issuer's initial public offering and will be automatically net exercised pursuant to its terms if not exercised prior to that time.
[F7]On 6/11/2018, this warrant was exercised by tendering a cash payment.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

AVALARA INC

CIK 0001348036

→

Entity typeother

Related Parties

filerCIK 0001210469

Filing Metadata

Form type: 4
Filed: Jun 18, 8:00 PM ET
Accepted: Jun 19, 6:45 PM ET
Size: 64.1 KB

View on SEC.gov