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: Calabria David T (SVP & Chief Accounting Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock	M	763	—	Acquired	3159	Direct
2016-01-21	Common Stock	F	303	$25.27	Disposed	2856	Direct
2016-01-22	Common Stock	M	709	—	Acquired	3565	Direct
2016-01-22	Common Stock	F	282	$26.08	Disposed	3283	Direct
2016-01-23	Common Stock	M	826	—	Acquired	4109	Direct
2016-01-23	Common Stock	F	328	$26.08	Disposed	3781	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2016-01-21	Restricted Stock Units	$0.0	M	763	Disposed	Common Stock (763.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	709	Disposed	Common Stock (709.0)	Direct
2016-01-23	Restricted Stock Units	$0.0	M	826	Disposed	Common Stock (826.0)	Direct

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 763 restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 709 restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 826 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 two equal installments on January 23, 2015 and 2016.