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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2020-03-01

Reporting Person: Tucker Michael K (EVP and General Counsel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-01	Common Stock	M	7619	—	Acquired	83596	Direct
2020-03-01	Common Stock	F	2091	$32.38	Disposed	81505	Direct
2020-03-02	Common Stock	S	8000	$32	Disposed	73505	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-01	Restricted Stock Units	$0.0	M	3391	Disposed		Common Stock (3391.0)	Direct
2020-03-01	Performance Based Restricted Stock Units	$0.0	M	4228	Disposed		Common Stock (4228.0)	Direct

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 1, 2018, 2019 and 2020.

F4: Expiration date not applicable.

F5: Units vested on March 1, 2020 based on the Company's attainment of pre-established performance goals.