Belmont David 4
4 · Orbitz Worldwide, Inc. · Filed Apr 24, 2013
Insider Transaction Report
Form 4
Belmont David
GVP and Interim CFO
Transactions
- Award
Peformance-Based Restricted Stock Units
2013-04-10+80,000→ 80,000 totalExp: 2016-06-20→ Common Stock (80,000 underlying)
Footnotes (3)
- [F1]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended.
- [F2]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.
- [F3]The restricted stock units were granted in satisfaction of the performance requirement and vest annually over four years on June 20, 2013, 2014, 2015 and 2016.