FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Deaver W Scott
2. Issuer Name and Ticker or Trading Symbol

AVIS BUDGET GROUP, INC. [ CAR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & CMO
(Last)          (First)          (Middle)

6 SYLVAN WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

1/28/2016
(Street)

PARSIPPANY, NJ 07054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   1/28/2016     M    9594   A $0   (1) 81622   D    
Common Stock   1/28/2016     F (2)    3547   D $25.88   78075   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Based Restricted Stock Units   $0.0   (1) 1/28/2016     M         9594      (3)   (4) Common Stock   9594.0   $0   0   D    
Performance Based Restricted Stock Units   $0.0   (1) 1/28/2016     A      10433         (5)   (4) Common Stock   10433.0   $0   10433   D    
Restricted Stock Units   $0.0   (1) 1/28/2016     A      16229         (6)   (4) Common Stock   16229.0   $0   16229   D    

Explanation of Responses:
( 1)  Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
( 2)  Represents tax witholdings in connection with the vesting of 9,594 restricted stock units.
( 3)  Units vested on January 28, 2016 based on the Company's attainment of pre-established financial performance goals.
( 4)  Expiration date not applicable.
( 5)  Units vest on January 28, 2019 based on the Company's attainment of pre-established financial performance goals.
( 6)  Grant vests in three equal installments on January 28, 2017, 2018 and 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Deaver W Scott
6 SYLVAN WAY
PARSIPPANY, NJ 07054


EVP & CMO

Signatures
/s/ Jean M. Sera, by Power of Attorney for W. Scott Deaver 2/1/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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