AVALON HOLDINGS CORP — Director's Dealing 2018

Nov 26, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AVALON HOLDINGS CORP (AWX)
CIK: 0001061069
Period of Report: 2018-11-23

Reporting Person: Bell Christine (President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
100 shares of AWX Class B Common Stock	$		AWX Class A Common Stock (100)		Direct

Footnotes

F1: 100 shares of Class B Common Stock, $.01 par value, were purchased through a private placement at a purchase price of $2.98 per share on November 23, 2018. The offering price per share was determined based upon the closing price for Class A Shares on the NYSE American immediately before the Company's acceptance of the executed copy of a subscription agreement.

F2: None

F3: Each share of Class B Common Stock is entitled to ten votes on all matters submitted to a vote of the shareholders. Each share of Class B Common Stock is convertible, at any time, at the option of the shareholder into one share of Class A Common Stock. Shares of Class B Common Stock are also automatically converted into shares of Class A Common Stock on the transfer of such shares to any person other than Avalon Holdings Corporation, another holder of Class B Common Stock or a Permitted Transferee, as defined in Avalon Holdings Corporation's Articles of Incorporation.

F4: Not applicable