SEC Form 4 · accession 0000723612-17-000162
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Scott Deaver
Officer — EVP & CMO
Period of report
Dec 8, 2017
Accepted (ET)
Dec 11, 2017 · 4:47 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 8, 2017 | M | 47,500 | $0.79 | A | 133,174 | D | |
| Common StockF2 | Dec 8, 2017 | S | 47,500 | $40.80 | D | 85,674 | D |
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 8, 2017 | M | 47,500 | D | Jan 28, 2010 | Jan 28, 2019 | Common Stock | 47,500 | 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 $40.53 to $41.25. Mr. Deaver 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.