DURHAM MICHAEL J 4
4 · Travelport Worldwide LTD · Filed Jun 3, 2019
Insider Transaction Report
Form 4
DURHAM MICHAEL J
Director
Transactions
- Disposition to Issuer
Common Shares
2019-05-30−45,002→ 0 total - Disposition to Issuer
Time Vested Restricted Share Units
2019-05-30−6,857→ 0 totalExercise: $0.00→ Common Shares (6,857 underlying)
Footnotes (3)
- [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 the earlier of (1) the last business day prior to the 2019 annual general meeting of shareholders of Travelport Worldwide Limited or (2) June 27, 2019.