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

Feb 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2014-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-26	Common Stock	M	25000	$0.79	Acquired	175806	Direct
2014-02-26	Common Stock	S	25000	$46.68	Disposed	150806	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-26	Stock options (right to buy)	$0.79	M	25000	Disposed	2019-01-28	Common Stock (25000.0)	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 $46.31 to $46.82. Mr. De Shon 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.