SEC Form 4 · accession 0000723612-16-000215
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J Servodidio
Officer — President, International
Period of report
Jan 21, 2016
Accepted (ET)
Jan 25, 2016 · 7:22 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 | 2,861 | $0.00 | A | 77,879 | D | |
| Common Stock | Jan 21, 2016 | F | 1,610 | $25.27 | D | 76,269 | D | |
| Common StockF1 | Jan 22, 2016 | M | 4,253 | $0.00 | A | 80,522 | D | |
| Common Stock | Jan 22, 2016 | F | 2,204 | $26.08 | D | 78,318 | D | |
| Common StockF1 | Jan 23, 2016 | M | 8,255 | $0.00 | A | 86,573 | D | |
| Common Stock | Jan 23, 2016 | F | 4,206 | $26.08 | D | 82,367 | 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 | 2,861 | D | — | — | Common Stock | 2,861 | 5,722 | D |
| Restricted Stock UnitsF1,F7,F6 | $0.00 | Jan 22, 2016 | M | 4,253 | D | — | — | Common Stock | 4,253 | 4,253 | D |
| Restricted Stock UnitsF1,F8,F6 | $0.00 | Jan 23, 2016 | M | 8,255 | D | Jan 23, 2016 | — | Common Stock | 8,255 | 0 | D |
Explanation of responses
- F1Units convert to Common Stock on a one-to-one basis upon vesting.
- F2Represents tax withholdings in connection with the vesting of 2,861 restricted stock units.
- F3Represents tax withholdings in connection with the vesting of 4,253 restricted stock units.
- F4Represents tax withholdings in connection with the vesting of 8,255 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 two equal installments on January 22, 2016 and 2017.
- F8Original grant was awarded in 2013.