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: Ferraro Joseph A. (President, Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-21	Common Stock	M	5449	—	Acquired	39262	Direct
2017-01-21	Common Stock	F	2125	$36.09	Disposed	37137	Direct
2017-01-22	Common Stock	M	2835	—	Acquired	39972	Direct
2017-01-22	Common Stock	F	1049	$36.09	Disposed	38923	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-21	Restricted Stock Units	$0.0	M	5449	Disposed		Common Stock (5449.0)	Direct
2017-01-22	Restricted Stock Units	$0.0	M	2835	Disposed		Common Stock (2835.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2476	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: 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.