Cassidy Margaret K. 4

4 · Travelport Worldwide LTD · Filed Jun 3, 2019

Insider Transaction Report

Form 4Exit

Period: 2019-05-30

Travelport Worldwide LTDTVPT

Cassidy Margaret K.

See Remarks

Transactions

Disposition to Issuer
Common Shares
[F1]
2019-05-30−41,783→ 0 total
Disposition to Issuer
Time Vested Restricted Share Units
[F2][F3]
2019-05-30−1,417→ 0 total
Exercise: $0.00→ Common Shares (1,417 underlying)
Disposition to Issuer
Time Vested Restricted Share Units
[F2][F4]
2019-05-30−3,066→ 0 total
Exercise: $0.00→ Common Shares (3,066 underlying)
Disposition to Issuer
Time Vested Restricted Share Units
[F2][F5]
2019-05-30−4,769→ 0 total
Exercise: $0.00→ Common Shares (4,769 underlying)
Disposition to Issuer
Time Vested Restricted Share Units
[F2][F6]
2019-05-30−9,799→ 0 total
Exercise: $0.00→ Common Shares (9,799 underlying)
Disposition to Issuer
Nonqualified Stock Option
[F7]
2019-05-30−13,672→ 0 total
Exercise: $16.00→ Common Shares (13,672 underlying)
Disposition to Issuer
Nonqualified Stock Option
[F8][F9]
2019-05-30−18,657→ 0 total
Exercise: $13.23→ Common Shares (18,657 underlying)

Footnotes (9)

[F1]At the Effective Time (as defined below), pursuant to the Merger Agreement (as defined below), each common share, par value $0.0025 per share ("Company Common Share"), of Travelport Worldwide Limited ("Travelport") that was outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive $15.75 in cash (the "Merger Consideration"), subject to applicable withholding taxes.
[F2]At the Effective Time, pursuant to the Merger Agreement, each restricted share unit in respect of Company Common Shares ("Company RSUs") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of Company Common Shares subject to such Company RSU and (ii) the Merger Consideration, plus accrued dividends thereon.
[F3]Time-vested restricted share units that were scheduled to vest on 04/15/2020.
[F4]Time-vested restricted share units that were scheduled to vest in equal installments on 04/15/2020 and 04/15/2021.
[F5]Time-vested restricted share units that were scheduled to vest in equal installments on 07/15/2020 and 07/15/2021.
[F6]Time-vested restricted share units that were scheduled to vest in equal installments on 4/15/2020, 4/15/2021 and 4/15/2022.
[F7]Nonqualified stock options that were fully vested and exercisable. Pursuant to the Merger Agreement, these nonqualified stock options which had an exercise price greater than the Merger Consideration were cancelled.
[F8]At the Effective Time, each nonqualified stock option in respect of Company Common Shares that was outstanding as of immediately prior to the Effective Time and which had an exercise price of less than the Merger Consideration was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of Company Common Shares subject to such nonqualified stock option and (ii) the Merger Consideration, less the applicable exercise price.
[F9]Nonqualified stock options that were partially vested and exercisable, with the remaining unvested nonqualified stock options scheduled to vest on 04/15/2020.

Signature

/s/ Rochelle Boas, as Attorney-in-Fact for Margaret Cassidy|2019-06-03

Documents

1 file

4
tv522879_4.xmlPrimary
OWNERSHIP DOCUMENT