AVALON HOLDINGS CORP — Director's Dealing 2005

Jul 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALON HOLDINGS CORP (AWX)
CIK: 0001061069
Period of Report: 2005-07-06

Reporting Person: ADVISORY RESEARCH INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-06	Avalon Holdings Corp.	P	2900	$4.2055	Acquired	449700	Indirect
2005-07-11	Avalon Holdings Corp.	P	2500	$4.254	Acquired	452200	Indirect
2005-07-13	Avalon Holdings	P	1800	$4.16	Acquired	454000	Indirect
2005-07-14	Avalon Holdings Corp.	P	5400	$4.0589	Acquired	459400	Indirect

Footnotes

F1: Advisory Research, Inc. disclaims beneficial ownership and any pecuniary interest as defined in Rule 16a-1(a)(2), for all of these shares and this report shall not be deemed an admission that Advisory Research, Inc. is the beneficial owner of such securities or holds a pecuniary interest in such securities for the purpose of Section 16 or for any other purpose.