Weinblatt Brett 4
4 · AVIS BUDGET GROUP, INC. · Filed Jan 29, 2010
Insider Transaction Report
Form 4
Weinblatt Brett
SVP, Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2010-01-27+12,142→ 12,142 totalExercise: $0.00→ Common Stock (12,142 underlying) - Award
Performance - Vesting Restricted Stock Units
2010-01-27+5,204→ 5,204 totalExercise: $0.00→ Common Stock (5,204 underlying)
Footnotes (4)
- [F1]Units convert to Common Stock on a one-to-one basis upon vesting.
- [F2]Grant vests in three equal installments on January 27, 2011, 2012 and 2013.
- [F3]Between 50% and 100% of the units will vest on the third 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 $14.12 and a maximum target price of $15.77 over any consecutive 30 trading days between the grant date and the third 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.
- [F4]Expiration date not applicable.