SEC Form 4 · accession 0000723612-17-000015
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, 2017
Accepted (ET)
Jan 24, 2017 · 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 | Jan 21, 2017 | M | 1,717 | $0.00 | A | 15,306 | D | |
| Common Stock | Jan 21, 2017 | F | 681 | $36.09 | D | 14,625 | D | |
| Common StockF1 | Jan 22, 2017 | M | 2,127 | $0.00 | A | 16,752 | D | |
| Common Stock | Jan 22, 2017 | F | 753 | $36.09 | D | 15,999 | 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,F3,F4 | $0.00 | Jan 21, 2017 | M | 1,717 | D | — | — | Common Stock | 1,717 | 1,717 | D |
| Restricted Stock UnitsF1,F5,F4 | $0.00 | Jan 22, 2017 | M | 2,127 | D | — | — | Common Stock | 2,127 | 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 restricted stock units.
- F3Original grant was awarded in 2015 and vests in three equal installments on January 21, 2016, 2017 and 2018.
- F4Expiration date not applicable.
- F5Original grant was awarded in 2014 and vests in three equal installments on January 22, 2015, 2016 and 2017.