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AVIS BUDGET GROUP, INC. — Director's Dealing 2013
Jan 29, 2013
30956_dirs_2013-01-29_4508eb36-ab12-4e1d-97b7-9edd21b955c4.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: 2013-01-25
Reporting Person: Gartland Thomas M (President, North America)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-25 | Common Stock | M | 13889 | — | Acquired | 56273 | Direct |
| 2013-01-25 | Common Stock | F | 5296 | $21.99 | Disposed | 50977 | Direct |
| 2013-01-26 | Common Stock | M | 8687 | — | Acquired | 59664 | Direct |
| 2013-01-26 | Common Stock | F | 3236 | $21.99 | Disposed | 56428 | Direct |
| 2013-01-27 | Common Stock | M | 10842 | — | Acquired | 67270 | Direct |
| 2013-01-27 | Common Stock | F | 4039 | $21.99 | Disposed | 63231 | Direct |
| 2013-01-27 | Common Stock | M | 32524 | — | Acquired | 95755 | Direct |
| 2013-01-27 | Common Stock | F | 15106 | $21.99 | Disposed | 80649 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-25 | Restricted Stock Units | $0 | M | 13889 | Disposed | Common Stock (13889) | Direct | |
| 2013-01-26 | Restricted Stock Units | $0 | M | 8687 | Disposed | Common Stock (8687) | Direct | |
| 2013-01-27 | Restricted Stock Units | $0 | M | 10842 | Disposed | Common Stock (10842) | Direct | |
| 2013-01-27 | Performance Based Restricted Stock Units | $0 | M | 32524 | Disposed | Common Stock (32524) | 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 13,889 shares of restricted stock units.
F3: Original grant vests in three equal installments on January 25, 2013, 2014 and 2015.
F4: Represents tax withholdings in connection with the vesting of 8,687 shares of restricted stock units.
F5: Original grant vests in three equal installments on January 26, 2012, 2013 and 2014.
F6: Represents tax withholdings in connection with the vesting of 10,842 shares of restricted stock units.
F7: Original grant vests in three equal installments on January 27, 2011, 2012 and 2013.
F8: Represents tax withholdings in connection with the vesting of 32,524 shares of performance based restricted stock units.
F9: 100% of the units vested on the third anniversary of the date of grant upon the Company's achievement of certain average price-per share performance goals.
F10: Expiration date not applicable.