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: Linnen Edward P (EVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-22	Common Stock	M	2126	—	Acquired	4767	Direct
2015-01-22	Common Stock	F	801	$62.93	Disposed	3966	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-21	Restricted Stock Units	$0.0	A	5150	Acquired		Common Stock (5150.0)	Direct
2015-01-21	Performance Based Restricted Stock Units	$0.0	A	3310	Acquired		Common Stock (3310.0)	Direct
2015-01-22	Restricted Stock Units	$0.0	M	2126	Disposed		Common Stock (2126.0)	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 2,126 shares of restricted stock units.

F3: Units vest in three equal installments on January 21, 2016, 2017 and 2018.

F4: Expiration date not applicable.

F5: Units vest on January 21, 2018 based on the Company's attainment of pre-established financial performance goals.

F6: Grant vests in three equal installments on January 22, 2015, 2016 and 2017.