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

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2011-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	M	15000	$0.79	Acquired	56107	Direct
2011-02-18	Common Stock	M	15000	$0.79	Acquired	71107	Direct
2011-02-18	Common Stock	S	30000	$16.22	Disposed	41107	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Stock options (right to buy)	$0.79	M	15000	Disposed	2019-01-28	Common Stock (15000)	Direct
2011-02-18	Stock options (right to buy)	$0.79	M	15000	Disposed	2019-01-28	Common Stock (15000)	Direct

Footnotes

F1: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $16.20 to $16.23. Mr. De Shon will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.