SEC Form 4 · accession 0000723612-17-000160
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Nelson
Officer — Executive Chairman · Director
Period of report
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 5:04 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 Stock | Dec 4, 2017 | M | 212,500 | $0.79 | A | 473,214 | D | |
| Common Stock | Dec 4, 2017 | M | 212,500 | $0.79 | A | 685,714 | D | |
| Common StockF2 | Dec 4, 2017 | S | 275,000 | $40.22 | D | 410,714 | D | |
| Common StockF3,F4 | Dec 4, 2017 | S | 15,472 | $40.97 | D | 0 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock options (right to buy) | $0.79 | Dec 4, 2017 | M | 212,500 | D | Jan 28, 2011 | Jan 28, 2019 | Common Stock | 212,500 | 0 | D |
| Performance-Vesting Stock Options (right to buy) | $0.79 | Dec 4, 2017 | M | 212,500 | D | Jan 28, 2011 | Jan 28, 2019 | Common Stock | 212,500 | 0 | D |
Explanation of responses
- F1A portion of the proceeds from the sale were used to pay the exercise price of stock options, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.
- F2Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $39.81 to 40.63. Mr. Nelson will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
- F3Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $40.44 to $41.41. Mr. Nelson will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
- F4Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust. Mr. Nelson disclaims beneficial ownership of the securities held by the trust, and the filing of this report is not an admission that Mr. Nelson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.