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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ML Global Private Equity Fund, L.P.
   2. Issuer Name and Ticker or Trading Symbol
HERTZ GLOBAL HOLDINGS INC [HTZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
4 WORLD FINANCIAL CENTER, 23RD FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
01/02/2007
(Street)

NEW YORK, NY 10080		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 01/02/2007   A   838 (1) A $ 0 41,496,838 (1) (2) (3) D  

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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
Stock Option (Right to Buy) $ 17.39 01/02/2007   A   2,090 (4)   01/02/2007 01/02/2017 Common Stock 2,090 (4) $ 0 2,090 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ML Global Private Equity Fund, L.P.
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10080		   X   X    
MLGPE Ltd.
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10022		     X    
ML Global Private Equity Partners, L.P.
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10080		     X    
Merrill Lynch GP, Inc.
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10080		     X    
Merrill Lynch Group, Inc.
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10080		     X    
MERRILL LYNCH & CO INC
4 WORLD FINANCIAL CENTER, 23RD FLOOR
NEW YORK, NY 10022		     X    

Signatures

 ML Global Private Equity Fund, L.P. By: MLGPE Ltd., its general partner By: Frank Marinaro   01/04/2007
**Signature of Reporting Person Date
 MLGPE Ltd. By: Frank Marinaro   01/04/2007
**Signature of Reporting Person Date
 ML Global Private Equity Partners, L.P. By: Merrill Lynch GP, Inc., its general partner By: Frank Marinaro   01/04/2007
**Signature of Reporting Person Date
 Merrill Lynch GP, Inc. By: Frank Marinaro   01/04/2007
**Signature of Reporting Person Date
 Merrill Lynch Group, Inc. By: Frank Marinaro   01/04/2007
**Signature of Reporting Person Date
 Merrill Lynch & Co., Inc. By: Frank Marinaro   01/04/2007
**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) 387 of the shares reported were granted to the Reporting Person as assignee of compensation payable to George Bitar for service as a director of the Issuer. 451 of the shares reported were granted to the Reporting Person as assignee of compensation payable to Robert End for service as a director of the Issuer. Messrs. Bitar and End are both employees of the Reporting Person.
(2) The Reporting Person is a partnership of which MLGPE LTD. is the general partner, which is a wholly-owned subsidiary of ML Global Private Equity Partners, L.P., the general partner of which is Merrill Lynch GP, Inc., which is a wholly-owned subsidiary of Merrill Lynch Group, Inc., which is a wholly-owned subsidiary of Merrill Lynch & Co., Inc. Each of the reporting owners disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein.
(3) Pursuant to the Shareholders Agreement dated December 21, 2005, as may be amended from time to time, among Clayton, Dubilier & Rice Fund VII, L.P., CDR CCMG Co-Investor L.P., CD&R Parallel Fund VII, L.P., Carlyle Partners IV, L.P., CP IV Coinvestment L.P., CEP II U.S. Investments, L.P., CEP II Participations S.a.r.l, ML Global Private Equity Fund, L.P., Merrill Lynch Ventures L.P. 2001, CMC-Hertz Partners, L.P. and ML Hertz Co-Investor, L.P., ML Global Private Equity Fund, L.P. has the right to designate two members to the board of directors of the Issuer.
(4) 1,045 options were granted to the Reporting Person as assignee of compensation payable to George Bitar for service as a director of the Issuer. 1,045 options were granted to the Reporting Person as assignee of compensation payable to Robert End for service as a director of the Issuer. Messrs. Bitar and End are both employees of the Reporting Person.

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