Filing Details
- Accession Number:
- 0001140361-10-003157
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-01-29 12:00:00
- Reporting Period:
- 2010-01-27
- Filing Date:
- 2010-01-29
- Accepted Time:
- 2010-01-29 16:37:24
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 723612 | Avis Budget Group Inc. | CAR | Services-Auto Rental & Leasing (No Drivers) (7510) | 060918165 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1372688 | J Mark Servodidio | 6 Sylvan Way Parsippany NJ 07054 | Evp, Human Resources | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2010-01-28 | 56,250 | $0.79 | 87,824 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-01-28 | 56,250 | $11.11 | 31,574 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2010-01-27 | 30,356 | $0.00 | 30,356 | $0.00 |
| Common Stock | Performance Based Restricted Stock Units | Acquisiton | 2010-01-27 | 13,010 | $0.00 | 13,010 | $0.00 |
| Common Stock | Stock options (right to buy) | Acquisiton | 2010-01-28 | 112,500 | $0.00 | 112,500 | $0.79 |
| Common Stock | Stock options (right to buy) | Disposition | 2010-01-28 | 56,250 | $0.00 | 56,250 | $0.79 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 30,356 | No | 4 | A | Direct | ||
| 13,010 | No | 4 | A | Direct | ||
| 112,500 | 2010-01-28 | 2019-01-28 | No | 4 | A | Direct |
| 56,250 | 2010-01-28 | 2019-01-28 | No | 4 | M | Direct |
Footnotes
- Sale of shares made pursuant to a pre-established 10b5-1 plan. Proceeds from the sale were used to pay the exercise price of stock options, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.
- Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $10.95 to $11.58. Mr. Servodidio will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
- Units convert to Common Stock on a one-to-one basis upon vesting.
- Grant vests in three equal installments on January 27, 2011, 2012 and 2013.
- Between 50% and 100% of the units will vest on the third anniversary of the date of grant if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $14.12 and a maximum target price of $15.77 over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation.
- Expiration date not applicable.
- Award consists of options which vested upon the Company's achievement of certain financial performance goals.
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