Orbitz Worldwide, Inc. 4

Accession 0001394159-13-000229

CIK 0001394159operating

View on SEC.gov Company Profile

Filed

Jun 16, 8:00 PM ET

Accepted

Jun 17, 6:30 PM ET

Size

23.5 KB

Accession

0001394159-13-000229

Insider Transaction Report

Form 4

Period: 2013-06-14

Orbitz Worldwide, Inc.OWW

Tamar Tamer

President, ebookers

Transactions

Exercise/Conversion
Common Stock
2013-06-14+8,612→ 26,106 total
Exercise/Conversion
Employee Stock Options (Right to Buy)
2013-06-14−45,000→ 35,000 total
Exercise: $4.90Exp: 2017-06-02→ Common Stock (45,000 underlying)
Sale
Common Stock
2013-06-14$7.51/sh−49,875$374,511→ 17,494 total
Exercise/Conversion
Restricted Stock Units
2013-06-14−11,262→ 42,500 total
Exp: 2015-06-14→ Common Stock (11,262 underlying)
Exercise/Conversion
Common Stock
2013-06-14$4.90/sh+45,000$220,500→ 62,494 total
Sale
Common Stock
2013-06-14$7.58/sh−45,000$341,100→ 17,494 total
Exercise/Conversion
Common Stock
2013-06-14+11,262→ 37,368 total
Tax Payment
Performance-based Restricted Stock Units
2013-06-14−7,638→ 41,112 total
Exp: 2015-06-14→ Common Stock (7,638 underlying)
Exercise/Conversion
Performance-based Restricted Stock Units
2013-06-14−8,612→ 32,500 total
Exp: 2015-06-14→ Common Stock (8,612 underlying)
Tax Payment
Restricted Stock Units
2013-06-14−9,988→ 53,762 total
Exp: 2015-06-14→ Common Stock (9,988 underlying)

Footnotes (13)

[F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2013.
[F10]Each restricted stock unit represents a contingent 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.
[F11]The restricted stock units vest annually over four years on June 14, 2012, 2013, 2014 and 2015.
[F12]The shares of common stock underlying the restricted stock units were retained (but not issued) by the Company in satisfaction of tax withholding obligations associated with the vesting of such units.
[F13]The restricted stock units reported as disposed herein were settled for shares of the Company's common stock.
[F2]Shares were sold in a series of transactions within the same trading day at prices ranging from $7.450 to $7.690. 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]Shares were sold in a series of transactions within the same trading day at prices ranging from $7.514 to $7.690. 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.
[F4]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
[F5]The stock options vest in four equal installments on June 2, 2011, 2012, 2013 and 2014.
[F6]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.
[F7]The performance-based restricted stock units were granted in satisfaction of the performance requirement and vest annually over four years on June 14, 2012, 2013, 2014 and 2015.
[F8]The shares of common stock underlying the performance-based 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.
[F9]The performance-based restricted stock units reported as disposed herein were settled for shares of the Company's common stock.

Documents

1 file

4
wf-form4_137150822765434.xmlPrimary
FORM 4

Issuer

Orbitz Worldwide, Inc.

CIK 0001394159

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001394159

Filing Metadata

Form type: 4
Filed: Jun 16, 8:00 PM ET
Accepted: Jun 17, 6:30 PM ET
Size: 23.5 KB

View on SEC.gov