De Shon Larry D 4

4 · AVIS BUDGET GROUP, INC. · Filed Mar 19, 2019

Form 4

Period: 2019-03-15

EVP, Operations

Transactions

Exercise/Conversion
Common Stock
2019-03-15+15,052→ 302,852 total
Tax Payment
Common Stock
2019-03-15$34.82/sh−7,278$253,420→ 295,574 total
Exercise/Conversion
Restricted Stock Units
2019-03-15−15,052→ 30,104 total
Exercise: $0.00→ Common Stock (15,052 underlying)
Award
Performance Based Restricted Stock Units
2019-03-15+105,112→ 105,112 total
Exercise: $0.00→ Common Stock (105,112 underlying)
Award
Restricted Stock Units
2019-03-15+70,075→ 70,075 total
Exercise: $0.00→ Common Stock (70,075 underlying)

Footnotes (6)

[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 15, 2019, 2020 and 2021.
[F4]Expiration date not applicable.
[F5]Units vest on March 15, 2022 based on the Company's attainment of pre-established financial performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.
[F6]Units vest in three equal installments on March 15, 2020, 2021 and 2022.

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