SEC Form 4 · accession 0000723612-17-000026
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry D De Shon
Officer — CEO and COO · Director
Period of report
Jan 28, 2017
Accepted (ET)
Jan 31, 2017 · 4:39 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 28, 2017 | M | 11,592 | $0.00 | A | 234,709 | D | |
| Common Stock | Jan 28, 2017 | F | 5,907 | $39.25 | D | 228,802 | 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,F3,F4 | $0.00 | Jan 28, 2017 | M | 11,592 | D | — | — | Common Stock | 11,592 | 23,184 | 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.
- F3Grant vests in three equal installments on January 28, 2017, 2018 and 2019.
- F4Expiration date not applicable.