Form Type: 4

SEC EDGAR Link
Accession Number:0000950142-20-002104
Date:2020-08-25
Issuer: AVIS BUDGET GROUP, INC. (CAR)
Original Submission Date:

Reporting Person:

SRS INVESTMENT MANAGEMENT, LLC
1 BRYANT PARK
39TH FLOOR NEW YORK, NY 10036

Reporting Person:

SARMA KARTHIK R.
C/O SRS INVESTMENT MANAGEMENT, LLC
1 BRYANT PARK, 39TH FLOOR NEW YORK, NY 10036

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
WhaleWisdom Logo

Elevate your investments