SEC Form 4 · accession 0001394159-15-000042
Orbitz Worldwide, Inc. · OWW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Liew
Officer — SVP, CTO
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 6:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001394159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 4, 2015 | M | 6,433 | $0.00 | A | 227,791 | D | |
| Common StockF2 | Mar 4, 2015 | F | 2,001 | $11.62 | D | 225,790 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F6,F1,F5 | — | Mar 4, 2015 | M | 6,433 | D | — | Mar 4, 2018 | Common Stock | 6,433 | 19,302 | D |
Explanation of responses
- F1Each 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.
- F2The 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.
- F3Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended.
- F4The RSUs reported as disposed herein were settled for shares of the Company's common stock.
- F5The RSUs vest annually over four years on March 4, 2015, 2016, 2017 and 2018.
- F6Excludes previously granted RSUs and performance-based RSUs with different terms, the ownership of which was previously reported on Form 3, 4 or 5.