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

Apr 18, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2017-04-16

Reporting Person: Calabria David T (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-16	Common Stock	M	157	—	Acquired	6872	Direct
2017-04-16	Common Stock	F	54	$27.76	Disposed	6818	Direct
2017-04-16	Common Stock	M	220	—	Acquired	7038	Direct
2017-04-16	Common Stock	F	76	$27.76	Disposed	6962	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-16	Restricted Stock Units	$0.0	M	157	Disposed		Common Stock (157.0)	Direct
2017-04-16	2014 Performance Based Restricted Stock Units	$0.0	M	220	Disposed		Common Stock (220.0)	Direct

Footnotes

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: Units vested in three equal installments on April 16, 2015, 2016 and 2017.

F4: Expiration date not applicable.

F5: Units vested on April 16, 2017 based on the Company's attainment of pre-established financial performance goals.