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AVIS BUDGET GROUP, INC. — Director's Dealing 2017
Mar 3, 2017
30956_dirs_2017-03-03_d70a7bc6-3f77-4618-b318-5aef8b4315f1.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: 2017-03-01
Reporting Person: Ferraro Joseph A. (President, Americas)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-01 | Common Stock | M | 3973 | — | Acquired | 46955 | Direct |
| 2017-03-01 | Common Stock | F | 1469 | $34.41 | Disposed | 45486 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-01 | Performance Based Restricted Stock Units | $0.0 | M | 3973 | Disposed | Common Stock (3973.0) | Direct | |
| 2017-03-01 | Performance Based Restricted Stock Units | $0.0 | A | 17437 | Acquired | Common Stock (17437.0) | Direct | |
| 2017-03-01 | Restricted Stock Units | $0.0 | A | 17437 | Acquired | Common Stock (17437.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2476 | Indirect |
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 restricted stock units.
F3: Units vested on March 1, 2017 based on the Company's attainment of pre-established financial performance goals.
F4: Expiration date not applicable.
F5: Units vest on March 1, 2020 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to of 200% of the target number of units reported above depending on achievement of such performance goals.
F6: Units vest in three equal installments on March 1, 2018, 2019 and 2020.