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: 2011-04-21

Reporting Person: Siniscalchi Patric (EVP, International Operations)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-21	Common Stock	M	796	—	Acquired	47894	Direct
2011-04-21	Common Stock	F	368	$19.20	Disposed	47526	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-21	Restricted Stock Units	$0	M	796	Disposed		Common Stock (796)	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: Represents tax withholdings in connection with the vesting of 796 shares of restricted stock units.

F3: Original grant vests in three equal installments on April 21, 2011, 2012 and 2013.

F4: Expiration date not applicable.