4//SEC Filing
Orbitz Worldwide, Inc. 4
Accession 0001394159-15-000143
CIK 0001394159operating
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 3:57 PM ET
Size
22.9 KB
Accession
0001394159-15-000143
Insider Transaction Report
Form 4
Harford Barney
DirectorPresident and CEO
Transactions
- Sale
Common Stock
2015-09-16$12.03/sh−9,700$116,720→ 563,628 total - Disposition to Issuer
Restricted Stock Units
2015-09-17−103,126→ 0 totalExp: 2017-02-20→ Common Stock (103,126 underlying) - Exercise/Conversion
Common Stock
2015-09-16$4.90/sh+9,700$47,530→ 573,328 total - Disposition to Issuer
Common Stock
2015-09-17$12.00/sh−563,628$6,763,536→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Units
2015-09-17−206,250→ 0 totalExp: 2016-06-12→ Common Stock (206,250 underlying) - Exercise/Conversion
Employee Stock Options (Right to Buy)
2015-09-16$4.90/sh−9,700$47,530→ 360,300 totalExercise: $4.90Exp: 2017-06-02→ Common Stock (9,700 underlying) - Disposition to Issuer
Restricted Stock Units
2015-09-17−96,499→ 0 totalExp: 2018-03-04→ Common Stock (96,499 underlying) - Disposition to Issuer
Performance-based Restricted Stock Units
2015-09-17−154,688→ 0 totalExp: 2017-02-20→ Common Stock (154,688 underlying) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2015-09-17$4.90/sh−360,300$1,765,470→ 0 totalExercise: $4.90Exp: 2017-06-02→ Common Stock (360,300 underlying)
Footnotes (12)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2012 and amended on June 10, 2013, February 25, 2014 and September 9, 2014.
- [F10]The RSUs vest in four equal installments on each of March 4, 2015, March 4, 2016, March 4, 2017 and March 4, 2018.
- [F11]The performance-based restricted stock units ("PSUs") were granted in satisfaction of the performance requirement and vest in four equal installments on each of June 12, 2013, June 12, 2014, June 12, 2015 and June 12, 2016.
- [F12]The PSUs were granted in satisfaction of the performance requirement and vest in four equal installments on each of February 20, 2014, February 20, 2015, February 20, 2016 and February 20, 2017.
- [F2]Shares were sold in a series of transactions within the same trading day at prices ranging from $12.00 to $12.06. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
- [F3]Disposed of pursuant to the Agreement and Plan of Merger by and among Expedia, Inc., Xeta, Inc. and Orbitz Worldwide, Inc. (the "Company") dated as of February 12, 2015 (the "Merger Agreement").
- [F4]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
- [F5]The stock options vest over a four year period, with 25% of the stock options vesting on June 2, 2011 and the remaining 75% of the stock options vesting ratably over the subsequent 36 month period, with the final portion of the stock options vesting on June 1, 2014.
- [F6]Cancelled pursuant to the Merger Agreement in exchange for an amount in cash per share equal to the excess of $12.00 over the exercise price of the option.
- [F7]Each unit 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.
- [F8]Disposed of pursuant to the Merger Agreement in exchange for shares of Expedia common stock calculated by multiplying the number of shares of the Company's common stock by the quotient obtained by dividing $12.00 by the volume-weighted average price for Expedia common stock for the 30 trading days prior to the closing date.
- [F9]The restricted stock units ("RSUs") vest in four equal installments on each of February 20, 2014, February 20, 2015, February 20, 2016 and February 20, 2017.
Documents
Issuer
Orbitz Worldwide, Inc.
CIK 0001394159
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001394159
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 3:57 PM ET
- Size
- 22.9 KB