SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CONSTABLE LOURDE JOHN

(Last)

(First)

(Middle)

41 LEOPARD ROAD

SUITE 104

(Street)

PAOLI

19301

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AVALON HOLDINGS CORP [ AWX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/25/2005	05/31/2005	S		6,200	D	$3.79	16,500⁽¹⁾	D
Common Stock	05/25/2005	05/31/2005	S		93,800	D	$3.79	254,546⁽²⁾	I	By: Constable Partners, L.P. and Constable Partners II, L.P.
Common Stock	05/25/2005	05/31/2005	S		86,000	D	$3.79	233,346⁽³⁾	I	By: Constable Partners, L.P.
Common Stock	05/25/2005	05/31/2005	S		7,800	D	$3.79	21,200⁽⁴⁾	I	By: Constable Partners II, L.P.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These securities are owned by John Constable d/b/a Constable Asset Management, which is a Reporting Person.

2. These securities may be deemed to be beneficially owned by (i) John Constable d/b/a Constable Asset Management, the general partner of Constable Group, LLC, the entity that serves as the general partner of Constable Managing Partners, L.P. and Constable Managing Partners II, L.P. Constable Managing Partners, L.P. serves as the general partner of Constable Partners, L.P., a private investment partnership. Constable Managing Partners II, L.P. serves as the general partner of Constable Partners II, L.P., a private investment partnership; (ii) Constable Group, LLC; (iii) Constable Managing Partners, L.P.; and (iv) Constable Partners, L.P. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

3. These securities may be deemed to be beneficially owned by (i) John Constable d/b/a Constable Asset Management, the sole member of Constable Group, LLC, the entity that serves as the general partner of Constable Managing Partners, L.P. which in turn serves the general partner of Constable Partners, L.P., a private investment partnership; (ii) Constable Group, LLC; (iii) Constable Managing Partners, L.P.; and (iv) Constable Partners, L.P. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

4. These securities may be deemed to be beneficially owned by (i) John Constable d/b/a Constable Asset Management, the sole member of Constable Group, LLC, the entity which serves as the general partner of Constable Managing Partners II, L.P, the entity which in turn serves as general partner of Constable Partners II, L.P., a private investment partnership; and (ii) Constable Group, LLC. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	By: /s/ John Constable, d/b/a Constable Asset Management	05/31/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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