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

Apr 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2013-04-21

Reporting Person: Tucker Michael K (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-21	Common Stock	M	3982	—	Acquired	26183	Direct
2013-04-21	Common Stock	F	1212	$28.00	Disposed	24971	Direct
2013-04-21	Common Stock	M	5119	—	Acquired	30090	Direct
2013-04-21	Common Stock	F	1558	$28.00	Disposed	28532	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-21	Restricted Stock Units	$0	M	3982	Disposed		Common Stock (3982)	Direct
2013-04-21	Performance Based Restricted Stock Units	$0	M	5119	Disposed		Common Stock (5119)	Direct

Footnotes

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 3,982 shares of restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 5,119 shares of restricted stock units.

F4: Original grant vested in three equal installments on April 21, 2011, 2012 and 2013.

F5: 100% of the units vested on the third anniversary of the date of grant upon the Company's achievement of certain average price-per share performance goals.

F6: Expiration date not applicable.