FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_____________________|
|OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
____________________________________________________________________________
1. Name and Address of Reporting Person
Michael P. Monaco
900 Old Country Road
Garden City, NY 11530
____________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Avis Rent A Car, Inc. "AVI"
____________________________________________________________________________
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
____________________________________________________________________________
4. Statement for Month/Year
October 1997
____________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
____________________________________________________________________________
6. Relationship of reporting person to Issuer (Check all applicable)
( X) DIRECTOR
( ) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
_____________________________________________________
____________________________________________________________________________
7. Individual, or Joint/Group Filing (Check all applicable)
( X ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
===========================================================================
TABLE I
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
____________________________________________________________________________
1. Title of Security (Instr. 3)
Common Stock, par value $.01 per share
____________________________________________________________________________
2. Transaction Date (Month/Day/Year)
September 23, 1997
____________________________________________________________________________
3. Transaction Code (Instr. 8)
P
____________________________________________________________________________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
A
____________________________________________________________________________
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
1,000 Shares
____________________________________________________________________________
6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
D
____________________________________________________________________________
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Not Applicable
____________________________________________________________________________
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
============================================================================
TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
____________________________________________________________________________
1. Title of Derivative Security (Instr. 3)
____________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
____________________________________________________________________________
3. Transaction Date (Month/Day/Year)
____________________________________________________________________________
4. Transaction Code (Instr. 8)
____________________________________________________________________________
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
____________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
____________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
____________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
____________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
____________________________________________________________________________
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
____________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
____________________________________________________________________________
EXPLANATION OF RESPONSES:
/s/ Michael P. Monaco October 9, 1997
** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
