AVALON HOLDINGS CORP — Director's Dealing 2020

Dec 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALON HOLDINGS CORP (AWX)
CIK: 0001061069
Period of Report: 2020-12-28

Reporting Person: SAKSA BRYAN (CHIEF FINANCIAL OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-28	Common Stock	M	24000	$1.83	Acquired	24000	Direct
2020-12-28	Common Stock	S	24000	$4.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-28	Stock Options (Right to Buy)	$1.83	M	24000	Disposed	2026-03-16	Class A Common Stock (24000)	Direct

Footnotes

F1: The shares sold were acquired contemporaneously upon the cashless exercise of a stock option at an exercise price of $1.83 per share.

F2: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting person on November 18, 2020.

F3: The date indicated is the grant date and the options vest in five equal installments beginning one year from the grant date. At the end of each vesting period, the Avalon Holdings Corporation Class A common stock must reach a predetermined market price within three years before the vested options are exercisable.