Form Type: 4

SEC EDGAR Link
Accession Number:0000723612-21-000019
Date:2021-03-09
Issuer: AVIS BUDGET GROUP, INC. (CAR)
Original Submission Date:

Reporting Person:

DEGENOVA CATHLEEN
6 SYLVAN WAY
PARSIPPANY, NJ 07054

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 2021-03-09 M 1,383 a $0.00 1,666 direct
COMMON STOCK 2021-03-09 F 643 d $62.27 1,023 direct
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
RESTRICTED STOCK UNITS 0.0 2021-03-09 deemed execution date M 1,383 (d) common stock 1,383 $0.00 2,766 direct
RESTRICTED STOCK UNITS 0.0 2021-03-09 deemed execution date A 1,493 (a) common stock 1,493 $0.00 1,493 direct
PERFORMANCE BASED RESTRICTED STOCK UNITS 0.0 2021-03-09 deemed execution date A 996 (a) common stock 996 $0.00 996 direct
Footnotes
IDfootnote
f1 represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis.
f2 represents tax withholdings in connection with the vesting of restricted stock units.
f3 units vest in three equal installments on march 9, 2021, 2022 and 2023.
f4 expiration date not applicable.
f5 units vest in three equal installments on march 9, 2022, 2023 and 2024.
f6 units vest on march 9, 2024 based on the company's attainment of pre-established performance goals. the number of units which could vest range from zero to 150% of the target number of units reported above depending on achievement of such performance goals.
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