SEC Form 4 · accession 0001144204-18-019237
Travelport Worldwide LTD · TVPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Steenland
Director
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001424755
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Apr 2, 2018 | M | 52,627 | $9.375 | A | 96,304 | D | |
| Common SharesF2 | Apr 2, 2018 | S | 52,627 | $16.0846 | D | 43,677 | D | |
| Common Shares | Apr 3, 2018 | M | 11,373 | $9.375 | A | 55,050 | D | |
| Common SharesF3 | Apr 3, 2018 | S | 11,373 | $16.0442 | D | 43,677 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time Vested Nonqualified Stock OptionF4 | $9.375 | Apr 2, 2018 | M | 52,627 | D | — | Jun 18, 2018 | Common Shares | 52,627 | 11,373 | D |
| Time Vested Nonqualified Stock OptionF4 | $9.375 | Apr 3, 2018 | M | 11,373 | D | — | Jun 18, 2018 | Common Shares | 11,373 | 0 | D |
Explanation of responses
- F1This sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by reporting person on February 21, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.00 to $16.42 per share. The reporting person undertakes to provide to Travelport Worldwide Limited, any security holder of Travelport Worldwide Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.015 to $16.10 per share. The reporting person undertakes to provide to Travelport Worldwide Limited, any security holder of Travelport Worldwide Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
- F4The option became exercisable with respect to 25% of shares as of 04/15/2015, and with respect to the remaining 75% of shares, as of 04/15/2016.