X0306 4 2013-04-10 0 0000723612 AVIS BUDGET GROUP, INC. CAR 0001176368 NELSON RONALD L 6 SYLVAN WAY PARSIPPANY NJ 07054 1 1 0 0 Chariman, CEO and President Common Stock 2013-04-10 4 M 0 337079 24.40 A 351198 I By trust Common Stock 2013-04-10 4 D 0 282346 29.13 D 68852 I By trust Common Stock 2013-04-10 4 F 0 28380 29.13 D 40472 I By trust Common Stock 559460 D Stock-Settled Stock Appreciation Rights 24.40 2013-04-10 4 M 0 337079 0 D 2007-07-31 2013-08-01 Common Stock 337079 0 I By trust Represents exercise of stock-settled stock appreciation rights, which expire on August 1, 2013. The SSARs confer on the holder the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price of the SSAR. Securities are held by a family trust. Mr. Nelson's wife is a trustee of the trust. Represents tax withholdings in connection with the exercise of 337,079 stock-settled stock appreciated rights. The SSARs vested in four equal annual installments starting on July 31, 2007. Jean M. Sera, by Power of Attorney for Ronald L. Nelson 2013-04-12