SEC Form 4 · accession 0000723612-17-000068
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
Apr 16, 2017
Accepted (ET)
Apr 18, 2017 · 4:30 pm EDT
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 | Apr 16, 2017 | M | 157 | $0.00 | A | 6,872 | D | |
| Common Stock | Apr 16, 2017 | F | 54 | $27.76 | D | 6,818 | D | |
| Common StockF1 | Apr 16, 2017 | M | 220 | $0.00 | A | 7,038 | D | |
| Common Stock | Apr 16, 2017 | F | 76 | $27.76 | D | 6,962 | 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 | Apr 16, 2017 | M | 157 | D | — | — | Common Stock | 157 | 0 | D |
| 2014 Performance Based Restricted Stock UnitsF1,F5,F4 | $0.00 | Apr 16, 2017 | M | 220 | D | — | — | Common Stock | 220 | 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.
- F3Units vested in three equal installments on April 16, 2015, 2016 and 2017.
- F4Expiration date not applicable.
- F5Units vested on April 16, 2017 based on the Company's attainment of pre-established financial performance goals.