Nelson Mike 4

4 · Orbitz Worldwide, Inc. · Filed Jun 16, 2011

Form 4

Period: 2011-06-14

Pres., Partner Services Group

Transactions

Award
Restricted Stock Units
2011-06-14+65,000→ 65,000 total
Exp: 2015-06-14→ Common Stock (65,000 underlying)
Award
Performance-based Restricted Stock Units
2011-06-14+85,000→ 85,000 total
Exp: 2015-06-14→ Common Stock (85,000 underlying)

Footnotes (5)

[F1]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
[F2]Each restricted stock unit represents a right to receive, in the sole discretion of the Board of Directors of Orbitz Worldwide, Inc. (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.
[F3]The restricted stock units vest annually over four years on June 14, 2012, 2013, 2014 and 2015.
[F4]Each performance-based 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.
[F5]The performance-based restricted stock units vest annually over four years on June 14, 2012, 2013, 2014 and 2015 subject to the achievement of a minimum financial performance goal during fiscal year 2011.

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