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AVIS BUDGET GROUP, INC. — Director's Dealing 2013
Apr 12, 2013
30956_dirs_2013-04-12_3f1e87b8-0bc6-4871-aad6-beb88160f934.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: 2013-04-10
Reporting Person: NELSON RONALD L (Director, Chariman, CEO and President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-04-10 | Common Stock | M | 337079 | $24.40 | Acquired | 351198 | Indirect |
| 2013-04-10 | Common Stock | D | 282346 | $29.13 | Disposed | 68852 | Indirect |
| 2013-04-10 | Common Stock | F | 28380 | $29.13 | Disposed | 40472 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-04-10 | Stock-Settled Stock Appreciation Rights | $24.40 | M | 337079 | Disposed | 2013-08-01 | Common Stock (337079) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 559460 | Direct |
Footnotes
F1: Represents exercise of stock-settled stock appreciation rights, which expire on August 1, 2013.
F2: The SSARs confer on the holder the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR.
F3: Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust.
F4: Represents tax withholdings in connection with the exercise of 337,079 stock-settled stock appreciated rights.
F5: The SSARs vested in four equal annual installments starting on July 31, 2007.