Nelson Mike 4
4 · Orbitz Worldwide, Inc. · Filed Jun 18, 2012
Insider Transaction Report
Form 4
Nelson Mike
Pres., Partner Services Group
Transactions
- Tax Payment
Performance-Based Restricted Stock Units
2012-06-14−6,684→ 78,316 totalExp: 2015-06-14→ Common Stock (6,684 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2012-06-14−14,566→ 63,750 totalExp: 2015-06-14→ Common Stock (14,566 underlying) - Exercise/Conversion
Common Stock
2012-06-14+14,566→ 128,281 total - Tax Payment
Restricted Stock Units
2012-06-14−5,111→ 59,889 totalExp: 2015-06-14→ Common Stock (5,111 underlying) - Exercise/Conversion
Restricted Stock Units
2012-06-14−11,139→ 48,750 totalExp: 2015-06-14→ Common Stock (11,139 underlying) - Exercise/Conversion
Common Stock
2012-06-14+11,139→ 139,420 total
Footnotes (8)
- [F1]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.
- [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]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
- [F4]The performance-based restricted stock units were granted in satisfaction of the performance requirement and vest annually over four years on June 14, 2012, 2013, 2014 and 2015.
- [F5]The shares of common stock underlying the performance-based restricted stock units were retained (but not issued) by the Company in satisfaction of tax withholding obligations associated with the vesting of such units.
- [F6]The performance-based restricted stock units reported as disposed herein were settled for shares of the Company's common stock.
- [F7]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. The shares of common stock underlying the restricted stock units reported and disposed herein were retained (but not issued) by the Company in satisfaction of tax withholding obligations associated with the vesting of such units.
- [F8]The restricted stock units vest annually over four years on June 14, 2012, 2013, 2014 and 2015.