4//SEC Filing
Orbitz Worldwide, Inc. 4
Accession 0001394159-15-000093
CIK 0001394159operating
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 7:54 PM ET
Size
11.3 KB
Accession
0001394159-15-000093
Insider Transaction Report
Form 4
Kram Thomas L
GVP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-06-12−6,250→ 6,250 totalExercise: $0.00Exp: 2016-06-12→ Common Stock (6,250 underlying) - Sale
Common Stock
2015-06-15$11.33/sh−2,429$27,521→ 25,973 total - Exercise/Conversion
Common Stock
2015-06-12+6,250→ 30,971 total - Tax Payment
Common Stock
2015-06-12$11.37/sh−2,569$29,210→ 28,402 total
Footnotes (8)
- [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]This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2014.
- [F4]Shares were sold in a series of transactions within the same trading day at prices ranging from $11.305 to $11.355. 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.
- [F5]Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended and restated.
- [F6]The RSUs reported as disposed herein were settled for shares of the Company's common stock.
- [F7]The RSUs vest annually over four years on June 12, 2013, 2014, 2015 and 2016.
- [F8]Excludes previously granted RSUs and performance-based RSUs with different terms, the ownership of which was previously reported on Form 3, 4 or 5.
Documents
Issuer
Orbitz Worldwide, Inc.
CIK 0001394159
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001394159
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 7:54 PM ET
- Size
- 11.3 KB