SEC Form 4 · accession 0000723612-18-000041
AVIS BUDGET GROUP, INC. · CAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A. Ferraro
Officer — President, Americas
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723612
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Based Restricted Stock UnitsF1,F2,F3 | $0.00 | Mar 15, 2018 | A | 12,315 | A | — | — | Common Stock | 12,315 | 12,315 | D |
| Restricted Stock UnitsF1,F4,F3 | $0.00 | Mar 15, 2018 | A | 12,315 | A | — | — | Common Stock | 12,315 | 12,315 | 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.
- F2Units vest on March 15, 2021 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.
- F3Expiration date not applicable.
- F4Units vest in three equal installments on March 15, 2019, 2020 and 2021.