X0306 4 2016-01-05 0001606745 Liberty TripAdvisor Holdings, Inc. LTRPA 0001241852 BAER RICHARD N 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112 1 Chief Legal Officer Series A Common Stock 2016-01-05 4 M 0 26414.0000 13.6500 A 33397.0000 D Series A Common Stock 2016-01-05 4 S 0 2431.0000 28.8953 D 30966.0000 D Series A Common Stock 2016-01-05 4 S 0 26414.0000 28.7168 D 4552.0000 D Stock Option (right to buy) - LTRPA 13.6500 2016-01-05 4 M 0 26414.0000 0.0000 D 2022-11-08 Series A Common Stock 26414.0000 26414.0000 D Such transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Open market sale pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The price is a weighted average price. These shares were sold in multiple transactions ranging from $28.77 to $29.09, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. The price is a weighted average price. These shares were sold in multiple transactions ranging from $28.60 to $29.00, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. On August 27, 2014, Liberty Interactive Corporation completed the spin-off of the Issuer, which was effected by the distribution to each holder of its Liberty Ventures Common Stock of shares of the corresponding series of the Issuer's common stock. In connection with the completion of the spin-off, all equity awards held by the reporting person with respect to the Liberty Ventures Common Stock (each an "Original LVNT Award") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the equity awards were granted, such that the reporting person received (i) an adjustment to the exercise price or base price, as applicable, and number of shares relating to the Original LVNT Award and (ii) an equity award relating to shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. The option award vested 50% on December 31, 2015, and the remainder of the award vests on December 31, 2016. /s/ Craig Troyer as Attorney-in-Fact for Richard N. Baer 2016-01-07