Initial Statement of Beneficial Ownership (3)
April 03 2020 - 5:06PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Sera Jean M |
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/27/2020
|
3. Issuer Name and Ticker or Trading Symbol
AVIS BUDGET GROUP, INC. [CAR]
|
(Last)
(First)
(Middle)
6 SYLVAN WAY |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) SVP, GC & Corp. Sec. / |
(Street)
PARSIPPANY, NJ 07054
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Beneficially Owned
|
1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 14504 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | (2) | Common Stock | 1437.0 | $0.0 (3) | D | |
Restricted Stock Units | (4) | (2) | Common Stock | 4356.0 | $0.0 (3) | D | |
Restricted Stock Units | (5) | (2) | Common Stock | 13276.0 | $0.0 (3) | D | |
Performance Based Restricted Stock Units | (6) | (2) | Common Stock | 1847.0 | $0.0 (3) | D | |
Performance Based Restricted Stock Units | (7) | (2) | Common Stock | 2800.0 | $0.0 (3) | D | |
Performance Based Restricted Stock Units | (8) | (2) | Common Stock | 5690.0 | $0.0 (3) | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Expiration date not applicable. |
(3) | Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. |
(4) | 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. |
(5) | Grant vests in three equal installments on March 9, 2021, 2022 and 2023. |
(6) | 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. |
(7) | 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. |
(8) | 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. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sera Jean M 6 SYLVAN WAY PARSIPPANY, NJ 07054 |
|
| SVP, GC & Corp. Sec. |
|
Signatures
|
Jean M. Sera | | 4/3/2020 |
**Signature of Reporting Person | Date |
Avis Budget (NASDAQ:CAR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Avis Budget (NASDAQ:CAR)
Historical Stock Chart
From Jul 2023 to Jul 2024