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AVIS BUDGET GROUP, INC. — Director's Dealing 2020
Jul 1, 2020
30956_dirs_2020-07-01_8635982a-0449-41a3-b7a1-be0f28d45f55.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: 2020-06-30
Reporting Person: Hees Bernardo (Director, Executive Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-06-30 | Restricted Stock Units | $0.0 | A | 43687 | Acquired | Common Stock (43687.0) | Direct | |
| 2020-06-30 | Restricted Stock Units | $0.0 | A | 65531 | Acquired | Common Stock (65531.0) | Direct | |
| 2020-06-30 | Performance Based Restricted Stock Units | $0.0 | A | 37500 | Acquired | Common Stock (37500.0) | 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: Units vest in three equal installments on June 30, 2021, 2022 and 2023.
F3: Expiration date not applicable.
F4: Units vest on the one-year anniversary of the date of grant.
F5: 100% of the units will vest on July 1, 2023 if the average closing price of the Company's common stock equals or exceeds $30.44 per share over any 30 consecutive trading days during the period between the grant date and July 1, 2023.