Sec Form 4 Filing - Calabria David T @ AVIS BUDGET GROUP, INC. - 2018-03-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Calabria David T
2. Issuer Name and Ticker or Trading Symbol
AVIS BUDGET GROUP, INC. [ CAR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief Accounting Officer
(Last) (First) (Middle)
6 SYLVAN WAY
3. Date of Earliest Transaction (MM/DD/YY)
03/15/2018
(Street)
PARSIPPANY, NJ07054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Based Restricted Stock Units $ 0 ( 1 ) 03/15/2018 A 1,693 ( 2 ) ( 3 ) Common Stock 1,693 $ 0 1,693 D
Restricted Stock Units $ 0 ( 1 ) 03/15/2018 A 3,951 ( 4 ) ( 3 ) Common Stock 3,951 $ 0 3,951 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Calabria David T
6 SYLVAN WAY
PARSIPPANY, NJ07054
SVP & Chief Accounting Officer
Signatures
/s/ Jean M. Sera, by Power of Attorney for David T. Calabria 03/19/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis.
( 2 )Units vest on March 15, 2021 based on the Company's attainment of pre-established financial performance goals. The number of units which would vest range form zero to 200% of the target number of units reported above depending on achievement of such performance goals.
( 3 )Expiration date not applicable.
( 4 )Units vest in three equal installments on March 15, 2019, 2020 and 2021.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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