AVIS BUDGET GROUP, INC. - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2017-09-15

Reporting Person: De Shon Larry D (Director, CEO and COO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-15	Common Stock	M	21954	—	Acquired	258551	Direct
2017-09-15	Common Stock	F	11186	$35.13	Disposed	247365	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-15	Restricted Stock Units	$0.0	M	21954	Disposed		Common Stock (21954.0)	Direct

F1: Represents restricted stock 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 restricted stock units.

F3: Original grant vests in three equal installments on September 15, 2016, 2017 and 2018.

F4: Expiration date not applicable.