SEC Form 4 · accession 0000723612-18-000040
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 President · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 2, 2018 · 4:55 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 | Mar 1, 2018 | M | 21,311 | $0.00 | A | 253,547 | D | |
| Common Stock | Mar 1, 2018 | F | 9,252 | $44.32 | D | 244,295 | 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 | Mar 1, 2018 | M | 21,311 | D | — | — | Common Stock | 21,311 | 42,624 | 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 vest in three equal installments on March 1, 2018, 2019 and 2020.
- F4Expiration date not applicable.