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

Jan 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2015-01-21

Reporting Person: Deaver W Scott (EVP, Strategy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-22	Common Stock	M	1002	—	Acquired	47750	Direct
2015-01-22	Common Stock	F	371	$62.93	Disposed	47379	Direct
2015-01-22	Common Stock	M	2835	—	Acquired	50214	Direct
2015-01-22	Common Stock	F	1105	$62.93	Disposed	49109	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-21	Restricted Stock Units	$0.0	A	5722	Acquired		Common Stock (5722.0)	Direct
2015-01-21	Performance Based Restricted Stock Units	$0.0	A	3678	Acquired		Common Stock (3678.0)	Direct
2015-01-22	Restricted Stock Units	$0.0	M	1002	Disposed		Common Stock (1002.0)	Direct
2015-01-22	Restricted Stock Units	$0.0	M	2835	Disposed		Common Stock (2835.0)	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: The total amount of securities beneficially owned has been amended to correct an error in previous filings.

F3: Represents tax withholdings in connection with the vesting of 1,002 shares of restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 2,835 shares of restricted stock units.

F5: Units vest in three equal installments on January 21, 2016, 2017 and 2018.

F6: Expiration date not applicable.

F7: Units vest on January 21, 2018 based on the Company's attainment of pre-established financial performance goals.

F8: One-third of the units vest on the first anniversary of the date of grant and two-thirds of the units vest on the second anniversary of the date of grant.

F9: Grant vests in three equal installments on January 22, 2015, 2016 and 2017.