SCHORR PAUL IV 4
4 · Orbitz Worldwide, Inc. · Filed Jan 5, 2009
Insider Transaction Report
Form 4
SCHORR PAUL IV
Director
Transactions
- Award
Common Stock
2008-12-31+2,523.553→ 14,860 total
Holdings
- 46,002,771(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]Represents restricted stock units granted under the Orbitz Worldwide, Inc. Non-Employee Directors Deferred Compensation 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.
- [F3]These shares are beneficially owned by Blackstone LR Associates (Cayman) V. Ltd ("BLRA"), or by affiliates of BLRA, of which Mr. Schorr is an employee. Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, Mr. Schorr herein states that this filing shall not be deemed an admission that he is the beneficial owner of any of such shares. Mr.Schorr herein disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.