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: 2011-02-22

Reporting Person: Siniscalchi Patric (EVP, International Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Stock	M	17500	$0.79	Acquired	64957	Direct
2011-02-22	Common Stock	M	17500	$0.79	Acquired	82457	Direct
2011-02-22	Common Stock	S	39939	$15.76	Disposed	42518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-22	Stock options (right to buy)	$0.79	M	17500	Disposed	2019-01-28	Common Stock (17500)	Direct
2011-02-22	Stock options (right to buy)	$0.79	M	17500	Disposed	2019-01-28	Common Stock (17500)	Direct

Footnotes

F1: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $15.73 to $15.82. Mr. Siniscalchi 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.