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: 2016-01-21

Reporting Person: Deaver W Scott (EVP & CMO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock	M	1907	—	Acquired	64454	Direct
2016-01-21	Common Stock	F	807	$25.27	Disposed	63647	Direct
2016-01-22	Common Stock	M	2835	—	Acquired	66482	Direct
2016-01-22	Common Stock	F	1139	$26.08	Disposed	65343	Direct
2016-01-22	Common Stock	M	2036	—	Acquired	67379	Direct
2016-01-22	Common Stock	F	753	$26.08	Disposed	66626	Direct
2016-01-22	Common Stock	M	3038	—	Acquired	69664	Direct
2016-01-22	Common Stock	F	1104	$26.08	Disposed	68560	Direct
2016-01-23	Common Stock	M	5503	—	Acquired	74063	Direct
2016-01-23	Common Stock	F	2035	$26.08	Disposed	72028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-21	Restricted Stock Units	$0.0	M	1907	Disposed		Common Stock (1907.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	2835	Disposed		Common Stock (2835.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	2036	Disposed		Common Stock (2036.0)	Direct
2016-01-22	Performance Based Restricted Stock Units	$0.0	M	3038	Disposed		Common Stock (3038.0)	Direct
2016-01-23	Restricted Stock Units	$0.0	M	5503	Disposed		Common Stock (5503.0)	Direct

Footnotes

F1: Represents restricted stock units which automatically converted 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 1,907 restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 2,835 restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 2,036 restricted stock units.

F5: Represents tax withholdings in connection with the vesting of 3,038 restricted stock units.

F6: Represents tax withholdings in connection with the vesting of 5,503 restricted stock units.

F7: Original grant was awarded in 2015 and vests in three equal installments on January 21, 2016, 2017 and 2018.

F8: Expiration date not applicable.

F9: Original grant was awarded in 2014 and vests in three equal installments on January 22, 2015, 2016 and 2017.

F10: Original grant was awarded in 2014 and one-third of the units vested on the first anniversary of the date of grant and two thirds vested on the second anniversary of the date of grant.

F11: Original grant was awarded in 2014 and vested on January 22, 2016, based on the Company's attainment of pre-established financial performance goals.

F12: Original grant was awarded in 2013 and vested in three equal installments on January 23, 2014, 2015 and 2016.