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AVIS BUDGET GROUP, INC. — Director's Dealing 2020
Apr 3, 2020
30956_dirs_2020-04-03_4287536e-2f9d-4539-8d2e-e8438a8d7b15.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2020-03-27
Reporting Person: Sera Jean M (SVP, GC & Corp. Sec.)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 14504 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0.0 | Common Stock (1437.0) | Direct | ||
| Restricted Stock Units | $0.0 | Common Stock (4356.0) | Direct | ||
| Restricted Stock Units | $0.0 | Common Stock (13276.0) | Direct | ||
| Performance Based Restricted Stock Units | $0.0 | Common Stock (1847.0) | Direct | ||
| Performance Based Restricted Stock Units | $0.0 | Common Stock (2800.0) | Direct | ||
| Performance Based Restricted Stock Units | $0.0 | Common Stock (5690.0) | Direct |
Footnotes
F1: Original grant vests in three equal installments. The first two installments vested on March 15, 2019 and March 15, 2020, and the final installment vests on March 15, 2021.
F2: Expiration date not applicable.
F3: Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F4: Original grant vests in three equal installments. The first installment vested on March 15, 2020 and the final two installments vest on March 15, 2021 and March 15, 2022.
F5: Grant vests in three equal installments on March 9, 2021, 2022 and 2023.
F6: Units vest on March 15, 2021 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.
F7: Units vest on March 15, 2022 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.
F8: Units vest on March 9, 2023 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.