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: Servodidio Mark J (President, International)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock	M	2861	—	Acquired	77879	Direct
2016-01-21	Common Stock	F	1610	$25.27	Disposed	76269	Direct
2016-01-22	Common Stock	M	4253	—	Acquired	80522	Direct
2016-01-22	Common Stock	F	2204	$26.08	Disposed	78318	Direct
2016-01-23	Common Stock	M	8255	—	Acquired	86573	Direct
2016-01-23	Common Stock	F	4206	$26.08	Disposed	82367	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2016-01-21	Restricted Stock Units	$0.0	M	2861	Disposed	Common Stock (2861.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	4253	Disposed	Common Stock (4253.0)	Direct
2016-01-23	Restricted Stock Units	$0.0	M	8255	Disposed	Common Stock (8255.0)	Direct

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

F2: Represents tax withholdings in connection with the vesting of 2,861 restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 4,253 restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 8,255 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 two equal installments on January 22, 2016 and 2017.

F8: Original grant was awarded in 2013.