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AVIS BUDGET GROUP, INC. — Director's Dealing 2016
Feb 1, 2016
30956_dirs_2016-02-01_500de9d7-0918-4c4b-bcc3-cab363f4edf3.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: 2016-01-28
Reporting Person: Servodidio Mark J (President, International)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-28 | Common Stock | M | 14391 | — | Acquired | 96758 | Direct |
| 2016-01-28 | Common Stock | F | 7333 | $25.88 | Disposed | 89425 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-28 | Performance Based Restricted Stock Units | $0.0 | M | 14391 | Disposed | Common Stock (14391.0) | Direct | |
| 2016-01-28 | Performance Based Restricted Stock Units | $0.0 | A | 28980 | Acquired | Common Stock (28980.0) | Direct | |
| 2016-01-28 | Restricted Stock Units | $0.0 | A | 19320 | Acquired | Common Stock (19320.0) | Direct |
Footnotes
F1: Represents restricted stock units which automatically convert 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 14,391 restricted stock units.
F3: Units vested on January 28, 2016 based on the Company's attainment of pre-established financial performance goals.
F4: Expiration date not applicable.
F5: Units vest on January 28, 2019 based on the Company's attainment of pre-established financial performance goals.
F6: Grant vests in three equal installments on January 28, 2017, 2018 and 2019.