Filing Details
- Accession Number:
- 0000950142-20-002088
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-08-24 17:41:48
- Reporting Period:
- 2020-08-20
- Accepted Time:
- 2020-08-24 17:41:48
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
723612 | Avis Budget Group Inc. | CAR | Services-Auto Rental & Leasing (No Drivers) (7510) | 060918165 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1503174 | Srs Investment Management, Llc | 1 Bryant Park 39Th Floor New York NY 10036 | Yes | No | Yes | No | |
1813668 | R. Karthik Sarma | C/O Srs Investment Management, Llc 1 Bryant Park, 39Th Floor New York NY 10036 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2020-08-20 | 61,114 | $32.75 | 16,993,217 | No | 4 | P | Indirect | See Footnotes |
Common Stock | Acquisiton | 2020-08-21 | 95,723 | $32.30 | 17,088,940 | No | 4 | P | Indirect | See Footnotes |
Common Stock | Acquisiton | 2020-08-24 | 55,500 | $33.78 | 17,144,440 | No | 4 | P | Indirect | See Footnotes |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | See Footnotes |
No | 4 | P | Indirect | See Footnotes |
No | 4 | P | Indirect | See Footnotes |
Footnotes
- 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.