AVIS BUDGET GROUP, INC. — Director's Dealing 2014

Jan 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2014-01-22

Reporting Person: Linnen Edward P (SVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-23	Common Stock	M	3302	—	Acquired	6560	Direct
2014-01-23	Common Stock	F	1248	$40.07	Disposed	5312	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-22	Restricted Stock Units	$0.0	A	6379	Acquired		Common Stock (6379.0)	Direct
2014-01-22	Performance Based Restricted Stock Units	$0.0	A	4101	Acquired		Common Stock (4101.0)	Direct
2014-01-23	Restricted Stock Units	$0.0	M	3302	Disposed		Common Stock (3302.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3496	Indirect

Footnotes

F1: Units convert to Common Stock on a one-to-one basis upon vesting.

F2: Represents tax withholdings in connection with the vesting of 3,302 shares of restricted stock units.

F3: Grant vests in three equal installments on January 22, 2015, 2016 and 2017.

F4: Expiration date not applicable.

F5: Units vest on January 22, 2017 based on the Company's attainment of pre-established financial performance goals.

F6: Grant vests in three equal installments on January 23, 2014, 2015 and 2016.