0000902664-16-006937.txt : 20160509 0000902664-16-006937.hdr.sgml : 20160509 20160509172324 ACCESSION NUMBER: 0000902664-16-006937 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160504 FILED AS OF DATE: 20160509 DATE AS OF CHANGE: 20160509 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AVIS BUDGET GROUP, INC. CENTRAL INDEX KEY: 0000723612 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 060918165 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-496-4700 MAIL ADDRESS: STREET 1: 6 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: CENDANT CORP DATE OF NAME CHANGE: 19971218 FORMER COMPANY: FORMER CONFORMED NAME: CUC INTERNATIONAL INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COMP U CARD INTERNATIONAL INC DATE OF NAME CHANGE: 19870914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SRS Investment Management, LLC CENTRAL INDEX KEY: 0001503174 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10308 FILM NUMBER: 161632782 BUSINESS ADDRESS: STREET 1: 1 BRYANT PARK STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-520-7907 MAIL ADDRESS: STREET 1: 1 BRYANT PARK STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 3 1 p16-1211form3.xml AVIS BUDGET GROUP, INC. X0206 3 2016-05-04 0 0000723612 AVIS BUDGET GROUP, INC. CAR 0001503174 SRS Investment Management, LLC 1 BRYANT PARK 39TH FLOOR NEW YORK NY 10036 0 0 1 0 Common Stock, par value $0.01 9500000 I See footnote Equity Swap (obligation to buy) 40.0268 2018-08-21 Common Stock, par value $0.01 1396162 I See footnotes Equity Swap (obligation to buy) 40.1486 2018-08-21 Common Stock, par value $0.01 1602078 I See footnotes Equity Swap (obligation to buy) 35.3053 2020-05-18 Common Stock, par value $0.01 2464608 I See footnotes Equity Swap (obligation to buy) 32.5618 2020-05-18 Common Stock, par value $0.01 2240969 I See footnotes Equity Swap (obligation to buy) 37.3707 2018-12-18 Common Stock, par value $0.01 1000000 I See footnotes Equity Swap (obligation to buy) 36.9352 2018-10-02 Common Stock, par value $0.01 1750723 I See footnotes Equity Swap (obligation to buy) 27.5697 2019-01-11 Common Stock, par value $0.01 45460 I See footnotes Equity Swap (obligation to buy) 24.3002 2017-04-17 Common Stock, par value $0.01 842959 I See footnotes Equity Swap (obligation to buy) 24.3158 2017-04-12 Common Stock, par value $0.01 953224 I See footnotes Equity Swap (obligation to buy) 25.893 2018-02-28 Common Stock, par value $0.01 24755 I See footnotes Equity Swap (obligation to buy) 25.9966 2018-02-28 Common Stock, par value $0.01 20109 I See footnotes Equity Swap (obligation to buy) 26.1448 2018-03-02 Common Stock, par value $0.01 21894 I See footnotes Equity Swap (obligation to buy) 23.8819 2018-02-27 Common Stock, par value $0.01 2565 I See footnotes Equity Swap (obligation to buy) 23.5233 2018-02-28 Common Stock, par value $0.01 134494 I See footnotes 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, an Indian citizen ("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. 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. These cash-settled equity swaps can be settled at any time before the expiration date. SRS INVESTMENT MANAGEMENT, LLC; by: /s/ David B. Zales, General Counsel. by: /s/ Karthik R. Sarma 2016-05-09 /s/ Karthik R. Sarma 2016-05-09