AVIS BUDGET GROUP, INC. — Director's Dealing 2019

Mar 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2019-03-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-15	Common Stock	M	1317	—	Acquired	11463	Direct
2019-03-15	Common Stock	F	413	$34.82	Disposed	11050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-15	Restricted Stock Units	$0.0	M	1317	Disposed		Common Stock (1317.0)	Direct
2019-03-15	Performance Based Restricted Stock Units	$0.0	A	2369	Acquired		Common Stock (2369.0)	Direct
2019-03-15	Restricted Stock Units	$0.0	A	5528	Acquired		Common Stock (5528.0)	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 vest in three equal installments on March 15, 2019, 2020 and 2021.

F4: Expiration date not applicable.

F5: Units vest on March 15, 2022 based on the Company's attainment of pre-established financial performance goals. The number of units which could vest range from zero to 200% of the target number of units reported above depending on achievement of such performance goals.

F6: Grant vests in three equal installments on March 15, 2020, 2021 and 2022.