NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
|
5. SOLE
VOTING POWER
|
0
|
6. SHARED
VOTING POWER
|
7,000,000
|
|
7. SOLE
DISPOSITIVE POWER
|
0
|
|
8. SHARED
DISPOSITIVE POWER
|
7,000,000
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
|
5. SOLE
VOTING POWER
|
0
|
6. SHARED
VOTING POWER
|
7,000,000
|
|
7. SOLE
DISPOSITIVE POWER
|
0
|
|
8. SHARED
DISPOSITIVE POWER
|
7,000,000
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
|
5. SOLE
VOTING POWER
|
0
|
6. SHARED
VOTING POWER
|
4,166,375
|
|
7. SOLE
DISPOSITIVE POWER
|
0
|
|
8. SHARED
DISPOSITIVE POWER
|
4,166,375
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
|
5. SOLE
VOTING POWER
|
0
|
6. SHARED
VOTING POWER
|
4,166,375
|
|
7. SOLE
DISPOSITIVE POWER
|
0
|
|
8. SHARED
DISPOSITIVE POWER
|
4,166,375
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
|
5. SOLE
VOTING POWER
|
0
|
6. SHARED
VOTING POWER
|
2,833,625
|
|
7. SOLE
DISPOSITIVE POWER
|
0
|
|
8. SHARED
DISPOSITIVE POWER
|
2,833,625
|
(a)
|
The
name of the issuer is Avis Budget Group, Inc. (the “Issuer”).
|
(b)
|
The
principal executive offices of the Issuer are located at 6 Sylvan Way,
Parsippany, New Jersey 07054.
|
(a)
|
This
Statement is being filed by (i) SRS Partners US, LP, a Delaware limited
partnership (the “Domestic Fund”), (ii)
SRS Partners, Ltd., a Cayman Islands exempted company (the “Offshore Fund”; and,
together with the Domestic Fund, the “Funds”), (iii) SRS
Partners US GP, LLC, a Delaware limited liability company (the “General Partner”), (iv)
SRS Investment Management, LLC, a Delaware limited liability company (the
“Investment
Manager”), and (v) Karthik R. Sarma, the Managing Member of the
Investment Manager and the General Partner (all of the foregoing,
collectively, the “Filers”). Each
Fund is a private investment vehicle engaged in investing and trading in a
wide variety of securities and financial instruments for its own
account. The Funds directly beneficially own all of the shares
reported in this Statement. Mr. Sarma and the Investment
Manager (and the General Partner, with respect to the shares owned by the
Domestic Fund) may be deemed to share with the Funds voting and
dispositive power with respect to such shares. Each Filer disclaims
beneficial ownership with respect to any shares other than those
beneficially owned directly by such
Filer.
|
(b)
|
The
principal business office of each of the Domestic Fund, the Investment
Manager, the General Partner and Mr. Sarma
is:
|
(c)
|
For
citizenship information see Item 4 of the cover page of each
Filer.
|
(d)
|
This
Statement relates to the Common Stock, par value $0.01 per share, of the
Issuer (the “Common
Stock”).
|
(e)
|
The
CUSIP Number of the Common Stock is listed on the cover pages
hereto.
|
o
|
(a)
|
Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
|
o
|
(b)
|
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
|
o
|
(c)
|
Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
|
o
|
(d)
|
Investment
company registered under section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
|
o
|
(e)
|
An
investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);
|
o
|
(f)
|
An
employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
|
o
|
(g)
|
A
parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G);
|
o
|
(h)
|
A
savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C.
1813);
|
o
|
(i)
|
A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
|
o
|
(j)
|
Group,
in accordance with
240.13d-1(b)(1)(ii)(J).
|
(b)
|
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
|