AI assistant
AVIS BUDGET GROUP, INC. — Director's Dealing 2010
Jan 29, 2010
30956_dirs_2010-01-29_f792ff7a-d8b2-4ae7-aa50-f5c7f8f36d07.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2010-01-27
Reporting Person: De Shon Larry D (EVP, Operations)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-27 | Restricted Stock Units | $0 | A | 32524 | Acquired | Common Stock (32524) | Direct | |
| 2010-01-27 | Performance Based Restricted Stock Units | $0 | A | 32524 | Acquired | Common Stock (32524) | Direct | |
| 2010-01-28 | Stock options (right to buy) | $0.79 | A | 150000 | Acquired | 2019-01-28 | Common Stock (150000) | Direct |
Footnotes
F1: Units convert to Common Stock on a one-to-one basis upon vesting.
F2: Grant vests in three equal installments on January 27, 2011, 2012 and 2013.
F3: Between 50% and 100% of the units will vest on the third anniversary of the date of grant if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $14.12 and a maximum target price of $15.77 over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation.
F4: Expiration date not applicable.
F5: Award consists of options which vested upon the Company's achievement of certain financial performance goals.