SEC Form 4 · accession 0000723612-15-000034
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David T Calabria
Officer — VP & Chief Accounting Officer
Period of report
Jan 23, 2015
Accepted (ET)
Jan 27, 2015 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 23, 2015 | M | 825 | $0.00 | A | 1,863 | D | |
| Common Stock | Jan 23, 2015 | F | 299 | $61.27 | D | 1,564 | D | |
| Common StockF1 | Jan 25, 2015 | M | 1,100 | $0.00 | A | 2,664 | D | |
| Common Stock | Jan 25, 2015 | F | 371 | $61.27 | D | 2,293 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4,F5 | $0.00 | Jan 23, 2015 | M | 825 | D | — | — | Common Stock | 825 | 826 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Jan 25, 2015 | M | 1,100 | D | Jan 25, 2015 | — | Common Stock | 1,100 | 0 | D |
Explanation of responses
- F1Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
- F2Represents tax withholdings in connection with the vesting of 825 shares of restricted stock units.
- F3Represents tax withholdings in connection with the vesting of 1,100 shares of restricted stock units.
- F4Units vest in three equal installments on January 23, 2014, 2015 and 2016.
- F5Expiration date not applicable.