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

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2011-01-03

Reporting Person: EDELMAN MARTIN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	M	5212	$13.5404	Acquired	30512	Direct
2011-01-03	Common Stock	S	5212	$15.40	Disposed	25300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Stock Option (right to buy)	$13.5404	M	5212	Disposed	2011-01-03	Common Stock (5212)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	51666	Indirect

Footnotes

F1: Exercise of stock option award expiring 1/3/11, the date of exercise.

F2: 50% of stock option award became exercisable on 1/3/02 and 25% became exercisable on each of 1/3/03 and 1/3/04.