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: Tucker Michael K (EVP and General Counsel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock	M	1525	—	Acquired	55866	Direct
2016-01-21	Common Stock	F	545	$25.27	Disposed	55321	Direct
2016-01-22	Common Stock	M	2268	—	Acquired	57589	Direct
2016-01-22	Common Stock	F	811	$26.08	Disposed	56778	Direct
2016-01-23	Common Stock	M	5503	—	Acquired	62281	Direct
2016-01-23	Common Stock	F	1651	$26.08	Disposed	60630	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2016-01-21	Restricted Stock Units	$0.0	M	1525	Disposed	Common Stock (1525.0)	Direct
2016-01-22	Restricted Stock Units	$0.0	M	2268	Disposed	Common Stock (2268.0)	Direct
2016-01-23	Restricted Stock Units	$0.0	M	5503	Disposed	Common Stock (5503.0)	Direct

F1: Represents restricted units which automatically convert 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 1,525 restricted stock units.

F3: Represents tax withholdings in connection with the vesting of 2,268 restricted stock units.

F4: Represents tax withholdings in connection with the vesting of 5,503 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.