X0304 4 2012-01-25 0 0000723612 AVIS BUDGET GROUP, INC. CAR 0001489075 Tucker Michael K 6 SYLVAN WAY PARSIPPANY NJ 07054 0 1 0 0 EVP and General Counsel Restricted Stock Units 0 2012-01-25 4 A 0 24306 0 A Common Stock 24306 24306 D Performance Based Restricted Stock Units 0 2012-01-25 4 A 0 10417 0 A Common Stock 10417 10417 D Units convert to Common Stock on a one-to-one basis upon vesting. Grant vests in three equal installments on January 25, 2013, 2014 and 2015. Between 50% and 100% of the units will vest on January 25, 2015, if the average per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $17.64 and a maximum target price of $19.69 over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant. The actual number of units that vest, based on the average per-share closing price between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation. Expiration date not applicable. Jean M. Sera, by Power of Attorney for Michael K. Tucker 2012-01-27