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

Jan 29, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2013-01-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-27	Common Stock	M	150000	—	Acquired	633377	Direct
2013-01-27	Common Stock	F	73917	$21.99	Disposed	559460	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-27	Performance Based Restricted Stock Units	$0	M	150000	Disposed		Common Stock (150000)	Direct

Footnotes

F1: Represents restricted stock units which automatically convert 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 150,000 shares of restricted stock units.

F3: 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.

F4: Expiration date not applicable.