Accession Number: | 0000950142-20-002104 |
Date: | 2020-08-25 |
Issuer: | AVIS BUDGET GROUP, INC. (CAR) |
Original Submission Date: |
SRS INVESTMENT MANAGEMENT, LLC
1 BRYANT PARK
39TH FLOOR
NEW YORK, NY 10036
SARMA KARTHIK R.
C/O SRS INVESTMENT MANAGEMENT, LLC
1 BRYANT PARK, 39TH FLOOR
NEW YORK, NY 10036
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-08-25 | P | 56,402 | a | $33.58 | 17,200,842 | indirect | f1,f2 | |
COMMON STOCK | 2020-08-26 | P | 114,150 | a | $33.26 | 17,314,992 | indirect | f1,f2 | |
COMMON STOCK | 2020-08-27 | P | 114,838 | a | $33.71 | 17,429,830 | indirect | f1,f2 |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | srs investment management, llc, a delaware limited liability company ("srs"), serves as investment manager to certain investment funds (the "funds") and has investment discretion with respect to the securities reported herein which are held by the funds. srs investment management, lp ("srs im"), a delaware limited partnership, is the managing member of the investment manager. srs investment management gp, llc, a delaware limited liability company ("srs im gp"), is the general partner of srs im. karthik r. sarma ("mr. sarma," and together with srs, the "reporting persons") is the managing member and principal of srs im gp. in such capacities, mr. sarma and the investment manager may be deemed to have voting and dispositive power with respect to the shares of common stock held for the funds. mr. sarma is a director of the issuer. srs may be deemed a director by deputization by virtue of its relationship with mr. sarma. |
f2 | the filing of this statement shall not be deemed an admission that any of the reporting persons is the beneficial owner of the securities reported herein for purposes of section 16 of the securities act of 1934, as amended, or otherwise. each of the reporting persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein. |