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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2011-01-27

Reporting Person: SALERNO F ROBERT (Director, Vice Chairman)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	21682	—	Acquired	131752	Direct
2011-01-27	Common Stock	F	6804	$14.60	Disposed	124948	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Restrited Stock Units	$0	M	21682	Disposed		Common Stock (21682)	Direct

F1: Represents restricted stock units which automatically converted to Common Stock upon the vesting of such units on a one-to-one basis.

F2: Units convert to Common Stock on a one-to-one basis upon vesting.

F3: Represents tax withholdings in connection with the vesting of 21,682 shares of restricted stock units.

F4: Original grant vests in three equal installments on January 27, 2011, 2012 and 2013.

F5: Expiration date not applicable.