AVIS BUDGET GROUP, INC. — Director's Dealing 2013

Apr 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2013-04-10

Reporting Person: Wyshner David B (Sr EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-10	Common Stock	M	40000	$24.40	Acquired	130365	Direct
2013-04-10	Common Stock	D	33505	$29.13	Disposed	96860	Direct
2013-04-10	Common Stock	F	3368	$29.13	Disposed	93492	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-10	Stock-Settled Stock Appreciation Rights	$24.40	M	40000	Disposed	2013-08-01	Common Stock (40000)	Direct

Footnotes

F1: Represents exercise of stock-settled stock appreciation rights, which expire on August 1, 2013.

F2: The SSARs confer on the holder the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR.

F3: Represents tax withholdings in connection with the exercise of 40,000 stock-settled stock appreciated rights.