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

May 10, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2013-05-09

Reporting Person: De Shon Larry D (President, EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-09	Common Stock	M	45000	$.79	Acquired	164821	Direct
2013-05-09	Common Stock	M	5000	$.79	Acquired	169821	Direct
2013-05-09	Common Stock	S	50000	$30.00	Disposed	119821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-09	Stock Options (right to buy)	$.79	M	45000	Disposed	2019-01-28	Common Stock (45000)	Direct
2013-05-09	Stock Options (right to buy)	$.79	M	5000	Disposed	2019-01-28	Common Stock (5000)	Direct

Footnotes

F1: A portion of the proceeds from the sale were used to pay the exercise price of stock options, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.

F2: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $30.00 to $30.07. Mr. DeShon 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.