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AVIS BUDGET GROUP, INC. — Director's Dealing 2011
Mar 8, 2011
30956_dirs_2011-03-08_466dedf0-c3d3-4a05-85a8-00e636acc237.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2011-03-06
Reporting Person: Servodidio Mark J (EVP, Chief Admin Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-06 | Common Stock | M | 4064 | — | Acquired | 55150 | Direct |
| 2011-03-06 | Common Stock | F | 1703 | $16.00 | Disposed | 53447 | Direct |
| 2011-03-06 | Common Stock | M | 5852 | — | Acquired | 59299 | Direct |
| 2011-03-06 | Common Stock | F | 2452 | $16.00 | Disposed | 56847 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-03-06 | Restricted Stock Units | $0 | M | 4064 | Disposed | Common Stock (4064) | Direct | |
| 2011-03-06 | Restricted Stock Units | $0 | M | 5852 | Disposed | Common Stock (5852) | Direct |
Footnotes
F1: Represents restricted stock units which automatically converted to Common Stock upon the vesting of such units on a one-to-one basis.
F2: Represents tax withholdings in connection with the vesting of 4,064 shares of restricted stock units.
F3: Original grant vests in four installments on March 6, 2008, 2009, 2010 and 2011.
F4: Represents tax withholdings in connection with the vesting of 5,852 shares of restricted stock units.
F5: Original grant vests in four installments on March 6, 2009, 2010, 2011 and 2012.
F6: Expiration date not applicable.