0000950142-22-001071.txt : 20220318
0000950142-22-001071.hdr.sgml : 20220318
20220318170102
ACCESSION NUMBER: 0000950142-22-001071
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220316
FILED AS OF DATE: 20220318
DATE AS OF CHANGE: 20220318
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SRS Investment Management, LLC
CENTRAL INDEX KEY: 0001503174
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10308
FILM NUMBER: 22753249
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sarma Karthik R.
CENTRAL INDEX KEY: 0001813668
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10308
FILM NUMBER: 22753248
MAIL ADDRESS:
STREET 1: ONE BRYANT PARK
STREET 2: 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
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
4
1
es220236051_4-avis.xml
OWNERSHIP DOCUMENT
X0306
4
2022-03-16
0
0000723612
AVIS BUDGET GROUP, INC.
CAR
0001503174
SRS Investment Management, LLC
1 BRYANT PARK
39TH FLOOR
NEW YORK
NY
10036
1
0
1
0
0001813668
Sarma Karthik R.
C/O SRS INVESTMENT MANAGEMENT, LLC
1 BRYANT PARK, 39TH FLOOR
NEW YORK
NY
10036
1
0
1
0
Common Stock
2022-03-16
4
X
1
203817
35.33
A
18430882
I
See Footnote
Common Stock
2022-03-16
4
J
1
203817
273.6145
D
18430882
I
See Footnote
Common Stock
2022-03-16
4
X
1
554540
35.33
A
18430882
I
See Footnote
Common Stock
2022-03-16
4
J
1
554540
273.6145
D
18430882
I
See Footnote
Common Stock
2022-03-16
4
X
1
137793
11.2691
A
18430882
I
See Footnote
Common Stock
2022-03-16
4
J
1
137793
273.6145
D
18430882
I
See Footnote
Common Stock
2022-03-16
4
X
1
342687
10.4091
A
18430882
I
See Footnote
Common Stock
2022-03-16
4
J
1
342687
273.6145
D
18430882
I
See Footnote
Common Stock
2022-03-16
4
X
1
64980
11.6309
A
18430882
I
See Footnote
Common Stock
2022-03-16
4
J
1
64980
273.6145
D
18430882
I
See Footnote
Equity Swap (obligation to buy)
35.33
2022-03-16
4
X
1
1
D
2023-04-10
Common Stock
203817
0
I
See Footnote
Equity Swap (obligation to buy)
35.33
2022-03-16
4
X
1
1
D
2023-04-10
Common Stock
554540
0
I
See Footnote
Equity Swap (obligation to buy)
11.2691
2022-03-16
4
X
1
1
D
2023-04-10
Common Stock
137793
0
I
See Footnote
Equity Swap (obligation to buy)
10.4091
2022-03-16
4
X
1
1
D
2023-04-10
Common Stock
342687
0
I
See Footnote
Equity Swap (obligation to buy)
11.6309
2022-03-16
4
X
1
1
D
2023-04-10
Common Stock
64980
298422
I
See Footnote
Equity swaps cash settled pursuant to their terms based on the closing price of the Common Stock on the transaction date. The swaps were exercisable at any time.
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 ("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. Mr. Sarma is a director of the Issuer. SRS may be deemed a director by deputization by virtue of its relationship with Mr. Sarma.
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.
SRS INVESTMENT MANAGEMENT, LLC; by: /s/ David B. Zales, General Counsel
2022-03-18
/s/ Karthik R. Sarma
2022-03-18