Belmont David 4
4 · Orbitz Worldwide, Inc. · Filed Jun 21, 2012
Insider Transaction Report
Form 4
Belmont David
GVP and Interim CFO
Transactions
- Tax Payment
Restricted Stock Units
2012-06-19−703→ 1,530 totalExp: 2012-06-19→ Common Stock (703 underlying) - Exercise/Conversion
Restricted Stock Units
2012-06-19−1,530→ 0 totalExp: 2012-06-12→ Common Stock (1,530 underlying) - Exercise/Conversion
Common Stock
2012-06-19+1,530→ 55,220 total
Footnotes (4)
- [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]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 as disposed herein were retained (but not issued) by the Company in satisfaction of tax withholding obligations associated with the vesting of such units.
- [F4]The restricted stock units vest annually over four years on June 19, 2009, 2010, 2011 and 2012.