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

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2017-03-01

Reporting Person: Linnen Edward P (EVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	M	2980	—	Acquired	21943	Direct
2017-03-01	Common Stock	F	1024	$34.41	Disposed	20919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-01	Performance Based Restricted Stock Units	$0.0	M	2980	Disposed		Common Stock (2980.0)	Direct
2017-03-01	Performance Based Restricted Stock Units	$0.0	A	4359	Acquired		Common Stock (4359.0)	Direct
2017-03-01	Restricted Stock Units	$0.0	A	10171	Acquired		Common Stock (10171.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3496	Indirect

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 on March 1, 2017 based on the Company's attainment of pre-established financial performance goals.

F4: Expiration date not applicable.

F5: Units vest on March 1, 2020 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to of 200% of the target number of units reported above depending on achievement of such performance goals.

F6: Units vest in three equal installments on March 1, 2018, 2019 and 2020.