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AVIS BUDGET GROUP, INC. — Director's Dealing 2013
Mar 25, 2013
30956_dirs_2013-03-25_f15b0f05-3fd6-45a3-b243-3cfceacd77bc.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: 2013-03-22
Reporting Person: Gartland Thomas M (President, North America)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-03-22 | Common Stock | M | 50000 | $0.79 | Acquired | 130649 | Direct |
| 2013-03-22 | Common Stock | S | 50000 | $26.93 | Disposed | 80649 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-22 | Stock options (right to buy) | $0.79 | M | 50000 | Disposed | 2019-01-28 | Common Stock (50000) | Direct |
Footnotes
F1: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $26.86 to $27.00. Mr. Gartland will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
F2: Sale of shares made pursuant to a pre-established 10b5-1 plan. A portion of the proceeds from the sale were used to pay the exercise price of stock options, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.