AVIS BUDGET GROUP, INC. — Director's Dealing 2010

Nov 12, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2010-11-08

Reporting Person: Martins Izilda P (VP and Acting CAO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2046	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock (847)		Direct
Restricted Stock Units	$0		Common Stock (2361)		Direct
Restricted Stock Units	$0		Common Stock (11232)		Direct
Performance Based Restricted Stock Units	$0		Common Stock (4814)		Direct
Stock Option (right to buy)	$0.79	2019-01-28	Common Stock (28000)		Direct

Footnotes

F1: Original grant vests in four equal installments. The first three installments vested on March 6, 2008, 2009 and 2010, and the final installment vests on March 6, 2011.

F2: Original grant vests in four equal installments. The first two installments vested on March 6, 2009 and 2010, the next two installments vest on March 6, 2011 and 2012.

F3: Grant vests in three equal installments on January 27, 2011, 2012 and 2013.

F4: Between 50% and 100% of the units will vest on the third anniversary of the date of grant if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $14.12 and a maximum target price of $15.77 over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant. The actual number of units that vest, based on closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation.

F5: Expiration date not applicable.

F6: Units convert to Common Stock on a one-to-one basis upon vesting.