9 13 AVON AVON NNP 14 24 RENT-A-CAR RENT-A-CAR NNP 25 26 & & CC 27 32 TRUCK TRUCK NNP 33 38 Corp. Corp. NNP 39 43 said say VBD 44 46 it it PRP 47 55 declared declare VBD 56 57 a a DT 58 66 dividend dividend NN 67 69 of of IN 70 73 one one CD 74 81 warrant warrant NN 82 85 for for IN 86 90 each each DT 91 96 three three CD 97 103 shares share NNS 104 106 of of IN 107 113 common common JJ 114 119 stock stock NN 119 120 . . . 121 130 Currently currently RB 130 131 , , , 132 136 Avon Avon NNP 136 137 , , , 138 143 based base VBN 144 146 in in IN 147 152 Santa Santa NNP 153 159 Monica Monica NNP 159 160 , , , 161 167 Calif. Calif. NNP 167 168 , , , 169 172 has have VBZ 173 176 3.3 3.3 CD 177 184 million million CD 185 191 common common JJ 192 198 shares share NNS 199 210 outstanding outstanding JJ 210 211 . . . 212 217 About about IN 218 221 1.1 1.1 CD 222 229 million million CD 230 235 Class Class NNP 236 237 C C NNP 238 246 warrants warrant NNS 247 251 were be VBD 252 258 issued issue VBN 258 259 , , , 260 263 the the DT 264 271 company company NN 272 276 said say VBD 276 277 . . . 278 282 Each each DT 283 285 of of IN 286 289 the the DT 290 295 Class Class NNP 296 297 C C NNP 298 306 warrants warrant NNS 307 311 will will MD 312 318 enable enable VB 319 322 the the DT 323 330 holders holder NNS 331 333 to to TO 334 342 purchase purchase VB 343 346 one one CD 347 352 share share NN 353 355 of of IN 356 362 common common JJ 363 368 stock stock NN 369 371 at at IN 372 373 $ $ $ 373 377 5.50 5.50 CD 377 378 . . . 379 382 The the DT 383 391 warrants warrant NNS 392 395 may may MD 396 398 be be VB 399 408 exercised exercise VBN 409 414 until until IN 415 417 90 90 CD 418 422 days day NNS 423 428 after after IN 429 434 their their PRP$ 435 440 issue issue NN 441 445 date date NN 445 446 . . . 447 451 Avon Avon NNP 452 456 also also RB 457 461 said say VBD 462 464 it it PRP 465 469 will will MD 470 475 issue issue VB 476 478 an an DT 479 489 additional additional JJ 490 497 243,677 243,677 CD 498 500 of of IN 501 504 the the DT 505 510 Class Class NNP 511 512 C C NNP 513 521 warrants warrant NNS 522 524 to to TO 525 532 holders holder NNS 533 535 of of IN 536 539 its its PRP$ 540 545 Class Class NNP 546 547 A A NNP 547 548 , , , 549 554 Class Class NNP 555 556 B B NNP 557 560 and and CC 561 573 unclassified unclassified JJ 574 582 warrants warrant NNS 582 583 . . . 584 592 Issuance issuance NN 593 595 of of IN 596 601 those those DT 602 610 warrants warrant NNS 611 615 will will MD 616 618 be be VB 619 621 at at IN 622 625 the the DT 626 630 rate rate NN 631 633 of of IN 634 643 one-third one-third JJ 644 651 warrant warrant NN 652 655 for for IN 656 660 each each DT 661 668 warrant warrant NN 669 678 exercised exercise VBN 678 679 . . .