AVIS BUDGET GROUP, INC. — Director's Dealing 2011

Aug 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2011-08-08

Reporting Person: De Shon Larry D (EVP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-08	Common Stock	M	5000	$0.79	Acquired	52764	Direct
2011-08-08	Common Stock	M	5000	$0.79	Acquired	57764	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-08	Stock options (right to buy)	$0.79	M	5000	Disposed	2019-01-28	Common Stock (5000)	Direct
2011-08-08	Stock options (right to buy)	$0.79	M	5000	Disposed	2019-01-28	Common Stock (5000)	Direct

Footnotes

F1: Upon the exercise of the stock options, Mr. De Shon paid the exercise price and associated tax withholding in cash. As a result, Mr. De Shon now owns all shares acquired as a result of such exercise.