AVIS BUDGET GROUP, INC. - Director's Dealing 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2015-04-16

Reporting Person: Calabria David T (VP & Chief Accounting Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-16	Common Stock	M	157	—	Acquired	2450	Direct
2015-04-16	Common Stock	F	54	$56.04	Disposed	2396	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-16	Restricted Stock Units	$0.0	M	157	Disposed		Common Stock (157.0)	Direct

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 157 shares of restricted stock units.

F3: Units vest in three equal installments on April 16, 2015, 2016 and 2017.

F4: Expiration date not applicable.