-----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, UighjFAezx8JWL8nLfh8Lw5pUASmpLZkYwK8EHNUgyOMHaZQewGkLBVPjp0+juZa sltedFqMSZdFcBfeGHZOlQ== 0001140361-10-003154.txt : 20100129 0001140361-10-003154.hdr.sgml : 20100129 20100129163514 ACCESSION NUMBER: 0001140361-10-003154 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: SALERNO F ROBERT CENTRAL INDEX KEY: 0001047581 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10308 FILM NUMBER: 10560463 MAIL ADDRESS: STREET 1: AVIS RENT A CAR INC STREET 2: 900 OLD COUNTRY RD CITY: GARDEN CITY STATE: NY ZIP: 11530 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 0001047581 SALERNO F ROBERT 6 SYLVAN WAY PARSIPPANY NJ 07054 1 1 0 0 President & COO Restricted Stock Units 0 2010-01-27 4 A 0 65048 0 A Common Stock 65048 65048 D Performance-Vesting Restricted Stock Units 0 2010-01-27 4 A 0 65048 0 A Common Stock 65048 65048 D Units convert to Common Stock on a one-to-one basis upon vesting. Grant vests in three equal installments on January 27, 2011, 2012 and 2013. 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. Expiration date not applicable. Jean M. Sera, by Power of Attorney for F. Robert Salerno 2010-01-29 -----END PRIVACY-ENHANCED MESSAGE-----