Nelson Mike 4
4 · Orbitz Worldwide, Inc. · Filed Dec 15, 2011
Insider Transaction Report
Form 4
Nelson Mike
Pres., Partner Services Group
Transactions
- Tax Payment
Restricted Stock Units
2011-12-13−2,292→ 9,577 totalExp: 2011-12-13→ Common Stock (2,292 underlying) - Exercise/Conversion
Common Stock
2011-12-13+4,993→ 106,860 total - Exercise/Conversion
Restricted Stock Units
2011-12-13−4,993→ 7,285 totalExp: 2011-12-13→ Common Stock (4,993 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 annually over four years on December 13, 2008, 2009, 2010, and 2011.