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
  1. 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.
  2. 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.