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

Feb 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2014-02-21

Reporting Person: Sweeney Stender E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-21	Common Stock	A	571	$44.88	Acquired	671	Direct
2014-02-25	Common Stock	S	671	$46.63	Disposed	0	Direct
2014-02-25	Common Stock	S	1500	$46.15	Disposed	0	Indirect
2014-02-21	Common Stock	D	25000	$46.64	Disposed	66711	Indirect

Footnotes

F1: Award represents the portion of non-employee director retainer fees through March 31, 2014 paid in common stock of the Company.

F2: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $46.19 to $46.71. Mr. Sweeney 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.

F3: Represents shares held in a family trust for which Mr. Sweeney and his wife are trustees. Shares were formerly reported as directly held.

F4: Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $46.15 to $46.18. Mr. Sweeney 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: Represents deferred stock units of the Company under the Non-Employee Directors Deferred Compensation Plan. Each deferred stock unit is the economic equivalent of one share of Company common stock. Upon approval by the Compensation Committee of the Company's Board of Directors, the deferred stock units were settled with the Company for cash, which was deferred in accordance with the terms of the plan.