AVIS BUDGET GROUP, INC. — Director's Dealing 2016

Feb 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2016-01-28

Reporting Person: Linnen Edward P (EVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-28	Common Stock	M	5756	—	Acquired	19567	Direct
2016-01-28	Common Stock	F	1978	$25.88	Disposed	17589	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-28	Performance Based Restricted Stock Units	$0.0	M	5756	Disposed		Common Stock (5756.0)	Direct
2016-01-28	Performance Based Restricted Stock Units	$0.0	A	8694	Acquired		Common Stock (8694.0)	Direct
2016-01-28	Restricted Stock Units	$0.0	A	13524	Acquired		Common Stock (13524.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3496	Indirect

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 5,756 restricted stock units.

F3: Units vested on January 28, 2016 based on the Company's attainment of pre-established financial performance goals.

F4: Expiration date not applicable.

F5: Units vest on January 28, 2019 based on the Company's attainment of pre-established financial performance goals.

F6: Grant vests in three equal installments on January 28, 2017, 2018 and 2019.