X0202 3 2006-08-23 0 0000723612 CENDANT CORP CD 0001069790 SCLAFANI KAREN C 6 SYLVAN WAY PARSIPPANY NJ 07054 0 1 0 0 EVP & General Counsel Common Stock 18343 D Stock Option (right to buy) 4.595 1996-10-17 2006-10-17 Common Stock 5010 D Stock Option (right to buy) 3.435 1997-04-30 2007-04-30 Common Stock 12526 D Stock Option (right to buy) 2.008 2001-03-12 2011-03-12 Common Stock 31274 D Stock Option (right to buy) 2.740 2002-01-22 2012-01-22 Common Stock 30023 D Restricted Stock Units 0 2007-05-02 Common Stock 307377 D The numbers of shares and options referenced in this Form 3 do not give effect to adjustments that will occur when our anticipated one-for-ten reverse stock split is completed on September 5, 2006. Grant vests in four equal installments on May 2, 2007, 2008, 2009 and 2010. Expiration date not applicable. Units convert to Common Stock on a one-to-one basis upon vesting. Jean M. Sera, by Power of Attorney for Karen C. Sclafani 2006-08-29