SCHORR PAUL IV 4
4 · Orbitz Worldwide, Inc. · Filed Oct 2, 2007
Insider Transaction Report
Form 4
SCHORR PAUL IV
Director
Transactions
- Award
Restricted Stock Units
2007-09-30+1,201.762→ 0 total
Footnotes (2)
- [F1]The restricted stock units were granted on September 30, 2007 under the Orbitz Worldwide, Inc. Non-Employee Directors Deferred Compensation Plan (the "Plan"). Each restricted stock unit represents a right to receive one share of Orbitz Worldwide, Inc. (the "Company") common stock, par value $0.01 per share, on the date which is 200 days immediately following the date upon which Mr. Schorr's service as a member of the Company's Board of Directors terminates for any reason. The restricted stock units are immediately vested and non-forfeitable. The grant of restricted stock units is part of Mr. Schorr's compensation as a non-employee member of the Company's Board of Directors.
- [F2]The restricted stock units were issued to Blackstone Management Partners V L.L.C. ("BMP V"), the Investment Advisor to certain of the Blackstone entities invested in the Company, of which Mr. Schorr is a member. Mr. Schorr disclaims any beneficial ownership in the restricted stock units issued to BMP V.