BRITTON MARK S 4
4 · Orbitz Worldwide, Inc. · Filed Jun 6, 2011
Insider Transaction Report
Form 4
BRITTON MARK S
Director
Transactions
- Award
Common Stock
2011-06-02+38,402.21→ 38,402.21 total
Footnotes (2)
- [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 immediately following the date upon which the holder'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.
- [F2]Mr. Britton's award includes a pro-rated portion of restricted stock units awarded to non-employee directors of the Company joining the Board of Directors after the annual equity grants were made on June 2, 2010. Mr. Britton's grant is pro-rated based on Mr. Britton joining the Board of Directors on April 12, 2011.