SEC Form 4 · accession 0000723612-16-000217
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward P Linnen
Officer — EVP, Chief HR Officer
Period of report
Jan 21, 2016
Accepted (ET)
Jan 25, 2016 · 7:23 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 | 1,716 | $0.00 | A | 10,990 | D | |
| Common Stock | Jan 21, 2016 | F | 681 | $25.27 | D | 10,309 | D | |
| Common StockF1 | Jan 22, 2016 | M | 2,126 | $0.00 | A | 12,435 | D | |
| Common Stock | Jan 22, 2016 | F | 815 | $26.08 | D | 11,620 | D | |
| Common StockF1 | Jan 23, 2016 | M | 3,302 | $0.00 | A | 14,922 | D | |
| Common Stock | Jan 23, 2016 | F | 1,111 | $26.08 | D | 13,811 | D | |
| Common Stock | holding | — | — | — | 3,496 | I | By 401(k) plan |
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 | 1,716 | D | — | — | Common Stock | 1,716 | 3,434 | D |
| Restricted Stock UnitsF1,F7,F6 | $0.00 | Jan 22, 2016 | M | 2,126 | D | — | — | Common Stock | 2,126 | 2,127 | D |
| Restricted Stock UnitsF1,F8,F6 | $0.00 | Jan 23, 2016 | M | 3,302 | D | — | — | Common Stock | 3,302 | 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 1,716 restricted stock units.
- F3Represents tax withholdings in connection with the vesting of 2,126 restricted stock units.
- F4Represents tax withholdings in connection with the vesting of 3,302 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.