Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0001394159-15-000090
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-06-16 19:54:10
Reporting Period:
2015-06-12
Filing Date:
2015-06-16
Accepted Time:
2015-06-16 19:54:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1394159 Orbitz Worldwide Inc. OWW Transportation Services (4700) 205337455
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1453413 Barney Harford C/o Orbitz Worldwide, Inc.
500 W. Madison Street, Suite 1000
Chicago IL 60661
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2015-06-12 356,250 $0.00 862,222 No 4 M Direct
Common Stock Disposition 2015-06-12 162,808 $11.37 699,414 No 4 F Direct
Common Stock Disposition 2015-06-15 144,118 $11.35 555,296 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance-based Restricted Stock Units Disposition 2015-06-12 206,250 $0.00 206,250 $0.00
Common Stock Performance-based Restricted Stock Units Disposition 2015-06-12 81,250 $0.00 81,250 $0.00
Common Stock Restricted Stock Units Disposition 2015-06-12 68,750 $0.00 68,750 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
206,250 2016-06-12 No 4 M Direct
0 2015-06-14 No 4 M Direct
0 2015-06-14 No 4 M Direct
Footnotes
  1. Each unit 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.
  2. The underlying shares of common stock 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.
  3. 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.
  4. Shares were sold in a series of transactions within the same trading day at prices ranging from $11.30 to $11.40. 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.
  5. Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended.
  6. The units reported as disposed herein were settled for shares of the Company's common stock.
  7. The performance-based restricted stock units ("PSUs") were granted in satisfaction of the performance requirement and vest annually over four years on June 12, 2013, 2014, 2015 and 2016.
  8. Excludes previously granted PSUs and restricted stock units ("RSUs") with different terms, the ownership of which was previously reported on Form 3, 4 or 5.
  9. The PSUs were granted in satisfaction of the performance requirement and vest annually over four years on June 14, 2012, 2013, 2014 and 2015.
  10. The RSUs vest annually over four years on June 14, 2012, 2013, 2014 and 2015.