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

Jan 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2017-01-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-21	Common Stock	M	3270	—	Acquired	222481	Direct
2017-01-21	Common Stock	F	1754	$36.09	Disposed	220727	Direct
2017-01-22	Common Stock	M	4861	—	Acquired	225588	Direct
2017-01-22	Common Stock	F	2471	$36.09	Disposed	223117	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-21	Restricted Stock Units	$0.0	M	3270	Disposed		Common Stock (3270.0)	Direct
2017-01-22	Restricted Stock Units	$0.0	M	4861	Disposed		Common Stock (4861.0)	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: Original grant was awarded in 2015 and vests in three equal installments on January 21, 2016, 2017 and 2018.

F4: Expiration date not applicable.

F5: Original grant was awarded in 2014 and vests in three equal installments on January 22, 2015, 2016 and 2017.