FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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 *   Martins Izilda P 2. Date of Event Requiring Statement (Month/Day/Year) 11/08/2010 3. Issuer Name and Ticker or Trading Symbol AVIS BUDGET GROUP, INC. [CAR] (Last) (First) (Middle) 6 SYLVAN WAY 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP and Acting CAO 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) PARSIPPANY, NJ 07054 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 2,046 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	  (1)	  (5)	Common Stock	847	$ 0 (6)	D	Â
Restricted Stock Units	  (2)	  (5)	Common Stock	2,361	$ 0 (6)	D	Â
Restricted Stock Units	  (3)	  (5)	Common Stock	11,232	$ 0 (6)	D	Â
Performance Based Restricted Stock Units	  (4)	  (5)	Common Stock	4,814	$ 0 (6)	D	Â
Stock Option (right to buy)	01/28/2011	01/28/2019	Common Stock	28,000	$ 0.79	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Martins Izilda P 6 SYLVAN WAY PARSIPPANY, NJ 07054	Â	Â	  VP and Acting CAO	Â

Signatures

Jean M. Sera, by Power of Attorney for Izilda P. Martins		11/12/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Original grant vests in four equal installments. The first three installments vested on March 6, 2008, 2009 and 2010, and the final installment vests on March 6, 2011.
(2)	Original grant vests in four equal installments. The first two installments vested on March 6, 2009 and 2010, the next two installments vest on March 6, 2011 and 2012.
(3)	Grant vests in three equal installments on January 27, 2011, 2012 and 2013.
(4)	Between 50% and 100% of the units will vest on the third anniversary of the date of grant if the per-share closing price of the Company's common stock equals or exceeds a minimum threshold price of $14.12 and a maximum target price of $15.77 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 closing prices that are between the threshold and target prices shall be determined on a pro rata basis using straight line interpolation.
(5)	Expiration date not applicable.
(6)	Units convert to Common Stock on a one-to-one basis upon vesting.

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