SEC Form 4 · accession 0000723612-16-000229
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David T Calabria
Officer — SVP & Chief Accounting Officer
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723612
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Based Restricted Stock UnitsF1,F2,F3 | $0.00 | Jan 28, 2016 | A | 3,999 | A | — | — | Common Stock | 3,999 | 3,999 | D |
| Restricted Stock UnitsF1,F4,F3 | $0.00 | Jan 28, 2016 | A | 6,221 | A | — | — | Common Stock | 6,221 | 6,221 | 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.
- F2Units vest on January 28, 2019 based on the Company's attainment of pre-established financial performance goals.
- F3Expiration date not applicable.
- F4Grant vests in three equal installments on January 28, 2017, 2018 and 2019.