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AVIS BUDGET GROUP, INC. — Director's Dealing 2017
Mar 3, 2017
30956_dirs_2017-03-03_4445e7c3-c162-4870-a9cc-db138ebf4f6f.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: NELSON RONALD L (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-01 | Common Stock | M | 23184 | — | Acquired | 672527 | Direct |
| 2017-03-01 | Common Stock | F | 11813 | $34.41 | Disposed | 660714 | 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 | 23184 | Disposed | Common Stock (23184.0) | Direct | |
| 2017-03-01 | Restricted Stock Units | $0.0 | A | 29061 | Acquired | Common Stock (29061.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 15472 | 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: Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust. Mr. Nelson disclaims beneficial ownership of the securities held by the trust, and the filing of this report is not an admission that Mr. Nelson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4: Units vested on March 1, 2017 based on the Company's attainment of pre-established financial performance goals.
F5: Expiration date not applicable.