SEC Form 4 · accession 0000723612-16-000210
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Tucker
Officer — EVP and General Counsel
Period of report
Jan 21, 2016
Accepted (ET)
Jan 25, 2016 · 7:21 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 21, 2016 | M | 1,525 | $0.00 | A | 55,866 | D | |
| Common Stock | Jan 21, 2016 | F | 545 | $25.27 | D | 55,321 | D | |
| Common StockF1 | Jan 22, 2016 | M | 2,268 | $0.00 | A | 57,589 | D | |
| Common Stock | Jan 22, 2016 | F | 811 | $26.08 | D | 56,778 | D | |
| Common StockF1 | Jan 23, 2016 | M | 5,503 | $0.00 | A | 62,281 | D | |
| Common Stock | Jan 23, 2016 | F | 1,651 | $26.08 | D | 60,630 | 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,F5,F6 | $0.00 | Jan 21, 2016 | M | 1,525 | D | — | — | Common Stock | 1,525 | 3,052 | D |
| Restricted Stock UnitsF1,F7,F6 | $0.00 | Jan 22, 2016 | M | 2,268 | D | — | — | Common Stock | 2,268 | 2,268 | D |
| Restricted Stock UnitsF1,F8,F6 | $0.00 | Jan 23, 2016 | M | 5,503 | D | — | — | Common Stock | 5,503 | 0 | D |
Explanation of responses
- F1Represents restricted 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 1,525 restricted stock units.
- F3Represents tax withholdings in connection with the vesting of 2,268 restricted stock units.
- F4Represents tax withholdings in connection with the vesting of 5,503 restricted stock units.
- F5Original grant was awarded in 2015 and vests in three equal installments on January 21, 2016, 2017 and 2018.
- F6Expiration date not applicable.
- F7Original grant was awarded in 2014 and vests in three equal installments on January 22, 2015, 2016 and 2017.
- F8Original grant was awarded in 2013 and vested in three equal installments on January 23, 2014, 2015 and 2016.