Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
SALERNO F ROBERT
   2. Issuer Name and Ticker or Trading Symbol
AVIS BUDGET GROUP, INC. [CAR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
6 SYLVAN WAY		 3. Date of Earliest Transaction (Month/Day/Year)
01/09/2012
(Street)

PARSIPPANY, NJ 07054		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 01/09/2012   M   11,064 A $ 0 157,716 D  
Common Stock 01/09/2012   F(1)   5,057 D $ 11.44 152,659 D  
Common Stock 01/09/2012   M   44,256 A $ 0 196,915 D  
Common Stock 01/09/2012   F(2)   20,225 D $ 11.44 176,690 D  
Common Stock 01/09/2012   M   43,366 A $ 0 220,056 D  
Common Stock 01/09/2012   F(3)   19,819 D $ 11.44 200,237 D  
Common Stock 01/09/2012   M   41,723 A $ 0 241,960 D  
Common Stock 01/09/2012   F(4)   19,068 D $ 11.44 222,892 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Restricted Stock Units $ 0 (5) 01/09/2012   M     11,064 03/06/2009(7)(6)   (11) Common Stock 11,064 $ 0 0 D  
2008 Performance Based Restricted Stock Units $ 0 (5) 01/09/2012   M     44,256 03/06/2009(8)(6)   (11) Common Stock 44,256 $ 0 0 D  
Restricted Stock Units $ 0 (5) 01/09/2012   M     43,366 01/27/2011(9)(6)   (11) Common Stock 43,366 $ 0 0 D  
Performance-Vesting Restricted Stock Units $ 0 (5) 01/09/2012   M     41,723 01/27/2011(10)(6)   (11) Common Stock 41,723 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SALERNO F ROBERT
6 SYLVAN WAY
PARSIPPANY, NJ 07054		   X      

Signatures

 Jean M. Sera, by Power of Attorney for F. Robert Salerno   01/11/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents tax withholdings in connection with the vesting of 11,064 shares of restricted stock units.
(2) Represents tax withholdings in connection with the vesting of 44,256 shares of restricted stock units.
(3) Represents tax withholdings in connection with the vesting of 43,366 shares of restricted stock units.
(4) Represents tax withholdings in connection with the vesting of 41,723 shares of restricted stock units.
(5) Units convert to Common Stock on a one-to-one basis upon vesting.
(6) Vesting of awards was accelerated pursuant to the terms of Mr. Salerno's employment agreement.
(7) Award originally vested in four equal installments on March 6, 2009, 2010, 2011 and 2012.
(8) Award originally vested on March 6, 2009, 2010, 2011 and 2012, subject to the Company's attainment of pre-established financial performance goals.
(9) Award originally vested in three equal installments on January 27, 2011, 2012 and 2013.
(10) Award originally vested on the third anniversary of the date of grant, if the per-share closing price of the Company's common stock equalled or exceeded certain minimum and maximum target prices over any consecutive 30 trading days between the grant date and the third anniversary of the date of grant.
(11) Expiration date not applicable.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.