Avis 2015 Annual Report Download - page 44

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SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table provides information about shares of our common stock that may be issued upon the exercise
of options and restricted stock units under all of our existing equity compensation plans as of December 31, 2015.
Plan Category
Number of Securities
to be Issued Upon
Exercise of
Outstanding Options,
Warrants, Rights
and Restricted
Stock Units (a)
Weighted-Average
Exercise Price of
Outstanding Options,
Warrants and Rights
(Excludes Restricted
Stock Units) ($)
Number of Securities
Remaining Available
for Future Issuance
Under Equity
Compensation Plans
(Excluding Securities
Reflected in First
Column) (b)
Equity compensation plans approved by
security holders 2,990,073 $ 2.87 7,289,681
Equity compensation plans not approved
by security holders — — —
Total 2,990,073 7,289,681
__________
(a) Includes options and other awards granted under the following plans approved by stockholders: the Amended and
Restated Equity and Incentive Plan, the 1997 Stock Incentive Plan, and the Directors Deferred Compensation Plan. The
1997 Stock Incentive Plan, the 1997 Stock Option Plan and the Directors Deferred Compensation Plan were each
approved with respect to an initial allocation of shares.
(b) Represents 4,830,560 shares available for issuance under the Amended and Restated Equity and Incentive Plan and
2,459,121 shares available for issuance pursuant to the 2009 Employee Stock Purchase Plan.
ISSUER PURCHASES OF EQUITY SECURITIES
The following is a summary of the Company’s common stock repurchases by month for the quarter ended
December 31, 2015:
Period
Total Number
of Shares
Purchased Average Price Paid per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Approximate
Dollar Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs
October 1-31, 2015 366,635 $ 48.01 366,635 $ 239,963,728
November 1-30, 2015 1,345,458 41.25 1,345,458 184,467,736
December 1-31, 2015 1,236,144 35.59 1,236,144 140,474,488
Total 2,948,237 $ 39.72 2,948,237 $ 140,474,488
The Company’s Board of Directors has authorized the repurchase of up to $885 million of its common stock under
a plan originally approved in 2013 and subsequently expanded in 2014 and 2015. In January 2016, the Board of
Directors authorized a $300 million increase in the Company’s share repurchase program. The Company’s stock
repurchases may occur through open market purchases or trading plans pursuant to Rule 10b5-1 of the
Securities Exchange Act of 1934. The amount and timing of specific repurchases are subject to market conditions,
applicable legal requirements and other factors. The repurchase program may be suspended, modified or
discontinued at any time without prior notice. The repurchase program has no set expiration or termination date.