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

Mar 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2013-03-05

Reporting Person: NELSON RONALD L (Director, Chariman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-05	Common Stock	M	78187	$18.8163	Acquired	78187	Indirect
2013-03-05	Common Stock	M	26062	$18.8163	Acquired	104249	Indirect
2013-03-05	Common Stock	S	90130	$24.53	Disposed	14119	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-05	Stock options (right to buy)	$18.8163	M	78187	Disposed	2013-04-14	Common Stock (78187)	Indirect
2013-03-05	Stock options (right to buy)	$18.8163	M	26062	Disposed	2013-04-14	Common Stock (26062)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	559460	Direct

Footnotes

F1: Represents exercise of options, which expire on April 14, 2013.

F2: Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust.

F3: 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.

F4: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $24.10 to $25.51. Mr. Nelson 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.

F5: The options vested in four equal annual installments starting on April 14, 2004.