AVIS BUDGET GROUP

Ticker: CAR CUSIP: 053774105 Class: Common Stock

Phocas Financial Corp.'s Holding History (CIK: 0001356783)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 106,568 Value ($000) $3,867 Avg Close $40.01 Range $31.13 - $50.39

Q3 2015

Shares 129,968 Value ($000) $5,677 Avg Close $41.20 Range $37.09 - $45.37

Q2 2015

Shares 121,235 Value ($000) $5,344 Avg Close $50.12 Range $41.71 - $56.48

Q1 2015

Shares 125,383 Value ($000) $7,399 Avg Close $57.98 Range $53.22 - $64.84

Q4 2014

Shares 104,574 Value ($000) $6,936 Avg Close $54.35 Range $43.65 - $65.23

Q3 2014

Shares 108,823 Value ($000) $5,973 Avg Close $59.40 Range $51.42 - $66.28

Q2 2014

Shares 105,784 Value ($000) $6,314 Avg Close $52.09 Range $44.21 - $57.41

Q1 2014

Shares 142,101 Value ($000) $6,920 Avg Close $40.83 Range $33.79 - $47.96

Q4 2013

Shares 153,228 Value ($000) $6,193 Avg Close $31.82 Range $26.38 - $38.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	106,568	$3,867	$40.01	$31.13 - $50.39
Q3 2015	129,968	$5,677	$41.20	$37.09 - $45.37
Q2 2015	121,235	$5,344	$50.12	$41.71 - $56.48
Q1 2015	125,383	$7,399	$57.98	$53.22 - $64.84
Q4 2014	104,574	$6,936	$54.35	$43.65 - $65.23
Q3 2014	108,823	$5,973	$59.40	$51.42 - $66.28
Q2 2014	105,784	$6,314	$52.09	$44.21 - $57.41
Q1 2014	142,101	$6,920	$40.83	$33.79 - $47.96
Q4 2013	153,228	$6,193	$31.82	$26.38 - $38.69