-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q7QNQklE87jx44eXNM5Ohm9IJK+4TT6AO2Gv0tatJJlSqByBbijmp9jf2+mWdWl9 rJHFTWr6FEB+to3RY7eguw== 0001140361-10-003163.txt : 20100129 0001140361-10-003163.hdr.sgml : 20100129 20100129164257 ACCESSION NUMBER: 0001140361-10-003163 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100127 FILED AS OF DATE: 20100129 DATE AS OF CHANGE: 20100129 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NELSON RONALD L CENTRAL INDEX KEY: 0001176368 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10308 FILM NUMBER: 10560550 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: X1 ZIP: 07054 BUSINESS PHONE: 973-496-2579 MAIL ADDRESS: STREET 1: 6 SYLVAN WAY CITY: PARSIPPANY STATE: X1 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 4 1 doc1.xml FORM 4 X0303 4 2010-01-27 0 0000723612 AVIS BUDGET GROUP, INC. CAR 0001176368 NELSON RONALD L 6 SYLVAN WAY PARSIPPANY NJ 07054 1 1 0 0 Chairman and CEO Restricted Stock Units 0 2010-01-27 4 A 0 200000 0 A 2011-01-27 Common Stock 200000 200000 D Performance Based Restricted Stock Units 0 2010-01-27 4 A 0 150000 0 A Common Stock 150000 150000 D Performance Based Restricted Stock Units 0 2010-01-27 4 A 0 150000 0 A Common Stock 150000 150000 D Performance Based Restricted Stock Units 0 2010-01-27 4 A 0 150000 0 A Common Stock 150000 150000 D Performance Based Restricted Stock Units 0 2010-01-27 4 A 0 150000 0 A Common Stock 150000 150000 D Stock Options (right to buy) 11.53 2010-01-27 4 A 0 160000 0 A 2020-01-27 Common Stock 160000 160000 D Units convert to Common Stock on a one-to-one basis upon vesting. Expiration date not applicable. Between 50% and 100% of the units will vest on or after the second anniversary of the date of grant, but no later than the fifth anniversary of the date of grant, if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $13.45 and a maximum target price of $14.59 over any consecutive 30 trading days between the grant date and the fifth anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation. Between 50% and 100% of the units will vest on or after the third anniversary of the date of grant, but no later than the fifth anniversary of the date of grant, if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $14.52 and a maximum target price of $16.42 over any consecutive 30 trading days between the grant date and the fifth anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation. Between 50% and 100% of the units will vest on or after the fourth anniversary of the date of grant, but no later than the fifth anniversary of the date of grant, if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $15.69 and a maximum target price of $18.47 over any consecutive 30 trading days between the grant date and the fifth anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation. Between 50% and 100% of the units will vest on the fifth anniversary of the date of grant if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $16.31 and a maximum target price of $19.62 over any consecutive 30 trading days between the grant date and the fifth anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation. Options will vest in five equal annual installments beginning on the one-year anniversary of the date of grant. Jean M. Sera, by Power of Attorney for Ronald L. Nelson 2010-01-29 -----END PRIVACY-ENHANCED MESSAGE-----