AI assistant
AVIS BUDGET GROUP, INC. — Director's Dealing 2014
Jan 28, 2014
30956_dirs_2014-01-28_d11a6e41-6a52-4e77-8be5-1d280c9b6c72.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2014-01-25
Reporting Person: Martins Izilda P (Sr VP and Acting CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-25 | Common Stock | M | 3848 | — | Acquired | 9931 | Direct |
| 2014-01-25 | Common Stock | F | 1305 | $38.60 | Disposed | 8626 | Direct |
| 2014-01-26 | Common Stock | M | 3649 | — | Acquired | 12275 | Direct |
| 2014-01-26 | Common Stock | F | 1254 | $38.60 | Disposed | 11021 | Direct |
| 2014-01-26 | Common Stock | M | 4691 | — | Acquired | 15712 | Direct |
| 2014-01-26 | Common Stock | F | 1612 | $38.60 | Disposed | 14100 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-25 | Restricted Stock Units | $0.0 | M | 3848 | Disposed | Common Stock (3848.0) | Direct | |
| 2014-01-26 | Restricted Stock Units | $0.0 | M | 3649 | Disposed | Common Stock (3649.0) | Direct | |
| 2014-01-26 | Performance Based Restricted Stock Units | $0.0 | M | 4691 | Disposed | Common Stock (4691.0) | 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 3,848 shares of restricted stock units.
F3: Represents tax withholdings in connection with the vesting of 3,649 shares of restricted stock units.
F4: Represents tax withholdings in connection with the vesting of 4,691 shares of restricted stock units.
F5: Original grant vests in three equal installments on January 25, 2013, 2014 and 2015.
F6: Expiration date not applicable.
F7: Original grant vests in three equal installments on January 26, 2012, 2013 and 2014.
F8: 100% of the units vested on the third anniversary of the date of grant based on the Company's achievement of certain average price-per share performance goals.