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: Deaver W Scott (EVP & CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-28	Common Stock	M	9594	—	Acquired	81622	Direct
2016-01-28	Common Stock	F	3547	$25.88	Disposed	78075	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	9594	Disposed		Common Stock (9594.0)	Direct
2016-01-28	Performance Based Restricted Stock Units	$0.0	A	10433	Acquired		Common Stock (10433.0)	Direct
2016-01-28	Restricted Stock Units	$0.0	A	16229	Acquired		Common Stock (16229.0)	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 witholdings in connection with the vesting of 9,594 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.