SEC Form 4 · accession 0000723612-15-000077
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Wyshner
Officer — Sr EVP & CFO
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 5:47 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 Stock | Mar 3, 2015 | M | 3,104 | $30.04 | A | 184,103 | D | |
| Common StockF2 | Mar 3, 2015 | S | 38,104 | $61.69 | D | 145,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $30.04 | Mar 3, 2015 | M | 3,104 | D | Apr 26, 2005 | Apr 26, 2015 | Common Stock | 3,104 | 0 | D |
Explanation of responses
- F1A portion of the proceeds from the sale were used to pay the exercise price of stock options expiring in April 2015, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.
- F2Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $61.59 to $61.81. Mr. Wyshner will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.