Petito Frank 4
4 · Orbitz Worldwide, Inc. · Filed Jul 13, 2010
Insider Transaction Report
Form 4
Petito Frank
SVP, Corp. Development
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-07-11−15,873→ 67,500 totalExp: 2013-07-11→ Common Stock (15,873 underlying) - Exercise/Conversion
Common Stock
2010-07-11+15,873→ 59,919 total - Tax Payment
Restricted Stock Units
2010-07-11−6,627→ 83,373 totalExp: 2013-07-11→ Common Stock (6,627 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive, in the sole discretion of the Board of Directors of the Company, either (i) one share of the Company's common stock as of the vesting date, or (ii) cash equal to the fair market value of one share of the Company's common stock as of the vesting date. The restricted stock units reported as disposed herein were settled for shares of the Company's common stock.
- [F2]Each restricted stock unit represents a contingent right to receive, in the sole discretion of the Board of Directors of the Company, either (i) one share of the Company's common stock as of the vesting date, or (ii) cash equal to the fair market value of one share of the Company's common stock as of the vesting date. The shares of common stock underlying the restricted stock units reported as disposed herein were retained (but not issued) by the Company in satisfaction of tax withholding obligations associated with the vesting of such units.
- [F3]The restricted stock units vest in four equal installments on July 11, 2010, 2011, 2012 and 2013.