AVIS BUDGET GROUP, INC.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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053774105
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(CUSIP Number)
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David Zales
SRS Investment Management, LLC One Bryant Park 39th Floor New York, New York 10036 (212) 520-7900 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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April 7, 2020
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(Date of Event which Requires Filing of this Statement)
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CUSIP No. 053774105
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SCHEDULE 13D
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Page 2 of 5
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1
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NAME OF REPORTING PERSON
SRS INVESTMENT MANAGEMENT, LLC
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|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
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SOURCE OF FUNDS
AF
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
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SOLE VOTING POWER
-0-
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8
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SHARED VOTING POWER
16,189,300 shares of Common Stock
|
|
9
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SOLE DISPOSITIVE POWER
-0-
|
|
10
|
SHARED DISPOSITIVE POWER
16,189,300 shares of Common Stock
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,189,300 shares of Common Stock
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3% *
|
|
14
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TYPE OF REPORTING PERSON
IA, OO
|
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CUSIP No. 053774105
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SCHEDULE 13D
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Page 3 of 5
|
1
|
NAME OF REPORTING PERSON
KARTHIK R. SARMA
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
AF
|
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
India
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
-0-
|
8
|
SHARED VOTING POWER
16,189,300 shares of Common Stock
|
|
9
|
SOLE DISPOSITIVE POWER
-0-
|
|
10
|
SHARED DISPOSITIVE POWER
16,189,300 shares of Common Stock
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,189,300 shares of Common Stock
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.3% *
|
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
CUSIP No. 053774105
|
SCHEDULE 13D
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Page 4 of 5
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CUSIP No. 053774105
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SCHEDULE 13D
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Page 5 of 5
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SRS INVESTMENT MANAGEMENT, LLC
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By:
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/s/ David B. Zales
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Name: David B. Zales
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Title: General Counsel
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/s/ Karthik R. Sarma
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KARTHIK R. SARMA
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