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

Jan 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2016-01-23

Reporting Person: NELSON RONALD L (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-23	Common Stock	M	24764	—	Acquired	824759	Direct
2016-01-23	Common Stock	F	9072	$26.08	Disposed	815687	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-23	Restricted Stock Units	$0.0	M	24764	Disposed		Common Stock (24764.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15472	Indirect

Footnotes

F1: Represents vesting of restricted stock units from 2013 long-term incentive award.

F2: Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.

F3: Represents tax withholdings in connection with the vesting of 24,764 restricted stock units.

F4: Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust. Mr. Nelson disclaims beneficial ownership of the securities held by the trust, and the filing of this report is not an admission that Mr. Nelson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F5: Expiration date not applicable.