X0306 4 2013-01-23 0 0000723612 AVIS BUDGET GROUP, INC. CAR 0001176368 NELSON RONALD L 6 SYLVAN WAY PARSIPPANY NJ 07054 1 1 0 0 Chairman and CEO Restricted Stock Units 0 2013-01-23 4 A 0 24764 0 A 2016-01-23 Common Stock 24764 24764 D 2013 Performance Based Restricted Stock Units 0 2013-01-23 4 A 0 86675 0 A Common Stock 86675 86675 D Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. The award will vest based on total shareholder return ("TSR") to the Company's shareholders during the performance period beginning January 23, 2013 and ending January 23, 2016. The number of units that will vest will be based on the Company's relative TSR compared to the TSR of the Russell 2000 Index, using the 90 day trading average before the start and end of the performance period. 86,675 units will vest if the Company's TSR is at or above the 75th percentile of the index; 57,783 units if the Company's TSR is at or above the median of the index; 28,892 units if the Company's TSR is at or above the 35th percentile of the index; 14,446 units if the Company's TSR is at or above the 25th percentile of the index. The actual number of units that vest, based on the Company's TSR relative to the TSR of the index, shall be determined on a pro rata basis using straight line interpolation. The number of restricted stock units reported represents the maximum number of restricted stock units that may vest. Expiration date not applicable. Jean M. Sera, by Power of Attorney for Ronald L. Nelson 2013-01-25