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

Feb 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2020-02-21

Reporting Person: Hees Bernardo (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Common Stock	A	3356	$47.94	Acquired	3356	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	430169	Indirect

Footnotes

F1: Represents restricted stock units awarded as part of the Company's non-employee director compensation program. Units automatically convert to Common Stock upon vesting on a one-to-one basis. Award will fully vest on the one-year anniversary of the date of grant. Upon vesting award will be deferred under the Non-Employee Directors Deferred Compensation Plan and will be payable in accordance with the deferral election made in accordance with the terms of the plan.

F2: Reflects 286,780 shares held by the BVH Trust and 143,389 shares held by the BHJH LLC. By virtue of his position as trustee of the BVH Trust and chief investment adviser of BHJH LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.