Belmont David 4

4 · Orbitz Worldwide, Inc. · Filed Jun 12, 2012

Form 4

Period: 2012-06-02

GVP and Interim CFO

Transactions

Exercise/Conversion
Restricted Stock Units
2012-06-02−2,399→ 0 total
Exp: 2014-06-02→ Common Stock (2,399 underlying)
Exercise/Conversion
Common Stock
2012-06-02+2,399→ 49,920 total
Tax Payment
Restricted Stock Units
2012-06-02−1,101→ 2,399 total
Exp: 2014-06-02→ Common Stock (1,101 underlying)

Footnotes (5)

[F1]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.
[F2]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
[F3]The restricted stock units were granted in satisfaction of the performance requirement and vest annually over four years on June 2, 2011, 2012, 2013 and 2014.
[F4]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.
[F5]The restricted stock units reported as disposed herein were settled for shares of the Company's common stock.

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