Orbitz Worldwide, Inc. 4
4 · Orbitz Worldwide, Inc. · Filed Jan 23, 2014
Insider Transaction Report
Form 4
Orton Christopher
SVP and CMO
Transactions
- Award
Peformance-Based Restricted Stock Units
2014-01-21+135,000→ 135,000 totalExp: 2017-02-20→ Common Stock (135,000 underlying)
Footnotes (4)
- [F1]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended.
- [F2]Each performance-based restricted stock unit ("PSU") represents a 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 PSUs were granted on February 20, 2013 subject to a performance requirement and time vesting. On January 21, 2014, the Compensation Committee of the Board of Directors of the Company certified that the performance requirement, which was a condition to vesting, had been met. The PSUs vest in equal annual installments on February 20, 2014, 2015, 2016 and 2017.
- [F4]Excludes previously granted PSUs and restricted stock units with different terms, the ownership of which was previously reported on Form 3, 4 or 5.