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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2016-01-21

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock	M	1716	—	Acquired	10990	Direct
2016-01-21	Common Stock	F	681	$25.27	Disposed	10309	Direct
2016-01-22	Common Stock	M	2126	—	Acquired	12435	Direct
2016-01-22	Common Stock	F	815	$26.08	Disposed	11620	Direct
2016-01-23	Common Stock	M	3302	—	Acquired	14922	Direct
2016-01-23	Common Stock	F	1111	$26.08	Disposed	13811	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2016-01-21	Restricted Stock Units	$0.0	M	1716	Disposed	Common Stock (1716.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	2126	Disposed	Common Stock (2126.0)	Direct
2016-01-23	Restricted Stock Units	$0.0	M	3302	Disposed	Common Stock (3302.0)	Direct

Security	Shares	Ownership
Common Stock	3496	Indirect

F1: Units convert to Common Stock on a one-to-one basis upon vesting.

F2: Represents tax withholdings in connection with the vesting of 1,716 restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 2,126 restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 3,302 restricted stock units.

F5: Original grant was awarded in 2015 and vests in three equal installments on January 21, 2016, 2017 and 2018.

F6: Expiration date not applicable.

F7: Original grant was awarded in 2014 and vests in three equal installments on January 22, 2015, 2016 and 2017.

F8: Original grant was awarded in 2013 and vested in three equal installments on January 23, 2014, 2015 and 2016.