SEC Form 4 · accession 0000723612-16-000198
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Nelson
Officer — Executive Chairman · Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 4:35 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 | Dec 31, 2015 | M | 25,700 | $0.00 | A | 813,321 | D | |
| Common Stock | Dec 31, 2015 | F | 13,326 | $36.29 | D | 799,995 | D | |
| Common StockF3 | holding | — | — | — | 15,472 | I | By trust |
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 | $0.00 | Dec 31, 2015 | M | 25,700 | D | Dec 31, 2015 | — | Common Stock | 25,700 | 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 25,700 shares of restricted stock units.
- F3Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust. Mr. Nelson disclaims beneficial ownership of the securities held by the trust, and the filing of this report is not an admission that Mr. Nelson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F4Expiration date not applicable.