AVALON HOLDINGS CORP — Director's Dealing 2012

Apr 4, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: AVALON HOLDINGS CORP (AWX)
CIK: 0001061069
Period of Report: 2011-12-31

Reporting Person: GORDON STEPHEN L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-01	Stock Options (Right to Buy)	$2.48	A	90000	Acquired	2020-02-28	Class A Common Stock (90000)	Direct

Footnotes

F1: The date indicated is the grant date and the options vest in five equal installments beginning one year from the date of grant. At the end of each vesting period, the Avalon Holdings Corporation Class A common stock must reach a predetermined market price within three years after vesting before the vested options become exercisable.