AVIS BUDGET GROUP, INC. — Director's Dealing 2020

Mar 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2020-03-09

Reporting Person: Ferraro Joseph A. (Interim President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-09	Performance Based Restricted Stock Units	$0.0	A	47416	Acquired		Common Stock (47416.0)	Direct
2020-03-09	Restricted Stock Units	$0.0	A	47416	Acquired		Common Stock (47416.0)	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: Units vest on March 9, 2023 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.

F3: Expiration date not applicable.

F4: Units vest in three equal installments on March 9, 2021, 2022 and 2023.