AVAYA INC 4
4 · AVAYA INC · Filed Oct 4, 2006
Insider Transaction Report
Form 4
MCGUIRE GARRY
CFO and SVP-Corporate Develop.
Transactions
- Sale
Common Stock
2006-10-02$11.50/sh−34,000$391,000→ 127,957 total - Exercise/Conversion
Common Stock
2006-10-02$3.00/sh+34,000$102,000→ 161,957 total - Exercise/Conversion
Stock Option (right to buy)
2006-10-02$3.00/sh−34,000$102,000→ 1,686,909 totalExercise: $3.00Exp: 2009-11-07→ Common Stock (34,000 underlying)
Holdings
- 7,883(indirect: see footnote)
Common Stock
Footnotes (4)
- [F1]Includes 41,760 Restricted Stock Units that have not yet vested.
- [F2]Pursuant to a Rule 10b5-1 plan that the reporting person entered into prior to the date of the transaction, 34,000 stock options held by the reporting person were exercised and the underlying shares were sold on October 2, 2006 at prices ranging from $11.50 to $11.58 per share. Set forth on Exhibit 99 is the list of sales executed, together with the corresponding sale prices.
- [F3]Represents the number of shares of Avaya Common Stock held in the reporting person's 401(k) account.
- [F4]These stock options were part of a grant made on November 8, 2002 that vest in increments of 1/48 per month for 48 months beginning December 8, 2002 until fully vested.