Orbitz Worldwide, Inc. 4
4 · Orbitz Worldwide, Inc. · Filed Jul 7, 2014
Insider Transaction Report
Form 4
Orton Christopher
SVP and CMO
Transactions
- Exercise/Conversion
Common Stock
2014-07-02$8.98/sh+37,500$336,750→ 140,226 total - Tax Payment
Common Stock
2014-07-02$8.98/sh−19,568$175,721→ 120,658 total - Exercise/Conversion
Restricted Stock Units
2014-07-02−37,500→ 0 totalExp: 2014-07-02→ Common Stock (37,500 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") 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]The shares of common stock underlying the RSUs 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.
- [F3]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
- [F4]The RSUs reported as disposed herein were settled for shares of the Company's common stock.
- [F5]The restricted stock units vest annually over four years on July 2, 2011, 2012, 2013 and 2014.
- [F6]Excludes previously granted RSUs and performance-based RSUs with different terms, the ownership of which was previously reported on Form 3, 4 or 5.