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AVIS BUDGET GROUP, INC. — Director's Dealing 2013
Jan 29, 2013
30956_dirs_2013-01-29_840b89d6-35c9-4e28-8a05-dcb633f56f70.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: Servodidio Mark J (EVP, Chief Admin Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-25 | Common Stock | M | 10532 | — | Acquired | 90362 | Direct |
| 2013-01-25 | Common Stock | F | 4003 | $21.99 | Disposed | 86359 | Direct |
| 2013-01-26 | Common Stock | M | 8107 | — | Acquired | 94466 | Direct |
| 2013-01-26 | Common Stock | F | 3020 | $21.99 | Disposed | 91446 | Direct |
| 2013-01-27 | Common Stock | M | 10119 | — | Acquired | 101565 | Direct |
| 2013-01-27 | Common Stock | F | 3770 | $21.99 | Disposed | 97795 | Direct |
| 2013-01-27 | Common Stock | M | 13010 | — | Acquired | 110805 | Direct |
| 2013-01-27 | Common Stock | F | 4847 | $21.99 | Disposed | 105958 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-25 | Restricted Stock Units | $0 | M | 10532 | Disposed | Common Stock (10532) | Direct | |
| 2013-01-26 | Restricted Stock Units | $0 | M | 8107 | Disposed | Common Stock (8107) | Direct | |
| 2013-01-27 | Restricted Stock Units | $0 | M | 10119 | Disposed | Common Stock (10119) | Direct | |
| 2013-01-27 | Performance Based Restricted Stock Units | $0 | M | 13010 | Disposed | Common Stock (13010) | 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 10,532 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 8,107 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 10,119 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 13,010 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.