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

Jan 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2015-01-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-23	Common Stock	M	825	—	Acquired	1863	Direct
2015-01-23	Common Stock	F	299	$61.27	Disposed	1564	Direct
2015-01-25	Common Stock	M	1100	—	Acquired	2664	Direct
2015-01-25	Common Stock	F	371	$61.27	Disposed	2293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-23	Restricted Stock Units	$0.0	M	825	Disposed		Common Stock (825.0)	Direct
2015-01-25	Restricted Stock Units	$0.0	M	1100	Disposed		Common Stock (1100.0)	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: Represents tax withholdings in connection with the vesting of 825 shares of restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 1,100 shares of restricted stock units.

F4: Units vest in three equal installments on January 23, 2014, 2015 and 2016.

F5: Expiration date not applicable.