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AVIS BUDGET GROUP, INC. — Director's Dealing 2015
Jan 23, 2015
30956_dirs_2015-01-23_eb7ab264-774f-4ec7-aa6d-06a69ed698b7.zip
Director's Dealing
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SEC Form 3/A — Form 3/A
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2015-01-08
Reporting Person: Ferraro Joseph A. (President, Americas)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4430 | Direct |
| Common Stock | 2476 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0.0 | Common Stock (5672.0) | Direct | ||
| 2012 Performance Based Restricted Stock Units | $0.0 | Common Stock (7292.0) | Direct | ||
| Restricted Stock Units | $0.0 | Common Stock (8255.0) | Direct | ||
| 2013 Performance Based Restricted Stock Units | $0.0 | Common Stock (5307.0) | Direct | ||
| Restricted Stock Units | $0.0 | Common Stock (8505.0) | Direct | ||
| 2014 Performance Based Restricted Stock Units | $0.0 | Common Stock (3645.0) | Direct |
Footnotes
F1: Expiration date not applicable.
F2: Amendment is being filed to report securities omitted from original filing.
F3: Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F4: Between 50% and 100% of the units will vest on January 25, 2015, if the average per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $17.64 and a maximum target price of $19.69 over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant. The actual number of units that vest, based on the average per-share closing price between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation.
F5: Award vests in two equal installments on January 23, 2015 and 2016.
F6: Units vest on January 23, 2016 based on the Company's attainment of pre-established financial performance goals.
F7: Grant vests in three equal installments on January 22, 2015, 2016 and 2017.
F8: Units vest on January 22, 2017 based on the Company's attainment of pre-established financial performance goals.