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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Equity-Based Compensation [Abstract]  
Summary of company's equity award programs
                                                 
    Partnership     Worldwide  
    Restricted Equity Units
(Class A-2)
    Shares     Restricted Share Units  
    Number
of Shares
    Weighted
Average

Grant  Date
Fair Value
    Number
of Shares
    Weighted
Average

Grant  Date
Fair Value
    Number
of Shares
    Weighted
Average

Grant  Date
Fair Value
 

Balance as of January 1, 2010

    90.0     $ 2.32                          

Granted at fair market value  (1)

    11.0     $ 1.12                          

Forfeited

    (1.5   $ 1.26                          
   

 

 

           

 

 

           

 

 

         

Balance as of December 31, 2010

    99.5     $ 2.20                          

Granted at fair market value ( 2 )

    1.7     $ 0.47       2.6     $ 1.85       0.8     $ 1.85  

Net share settlement ( 3 )

    (2.2   $ 0.88       (0.7   $ 1.85              

Forfeited

    (6.0   $ 1.12                          
   

 

 

           

 

 

           

 

 

         

Balance as of December 31, 2011

    93.0     $ 2.27       1.9     $ 1.85       0.8     $ 1.85  

Granted at fair market value ( 4 )

    11.2     $ 0.11                          

Vesting of restricted share units

                0.2     $ 1.85       (0.2   $ 1.85  

Net share settlement ( 5 )

    (1.9   $ 0.11       (0.5   $ 1.85              

Forfeited

    (0.1   $ 0.11                   (0.1   $ 1.85  
   

 

 

           

 

 

           

 

 

         

Balance as of December 31, 2012

    102.2     $ 2.08       1.6     $ 1.85       0.5     $ 1.85  
   

 

 

           

 

 

           

 

 

         

 

(1) Consists of (i) 8.4 million restricted equity units under the 2009 Travelport Long-Term Incentive Plan with a fair value of $1.13 per unit, and (ii) 2.6 million restricted equity units under the 2010 Travelport Long-Term Incentive Plan with a fair value of $1.10 per unit.

 

(2) Consists of: (i) accelerated vesting of 1.6 million restricted equity units under the 2009 Travelport Long Term Incentive Plan with a fair value of $0.47 per unit and 0.1 million restricted equity units under the 2010 Travelport Long Term Incentive Plan due to the sale of the GTA business in May 2011, and (ii) a grant of 2.6 million shares and 0.8 million restricted share units in Worldwide to key employees, the shares vested immediately on grant and the share units will vest on January 1, 2014 dependent upon continued service.

 

(3) The Company completed net share settlements for 2.2 million Partnership restricted equity units and 0.7 million shares in Worldwide in connection with employee taxable income created upon issuance. The Company agreed to pay these taxes on behalf of the employees in return for the employees returning an equivalent value of restricted equity units or shares, as appropriate.

 

(4) Consists of (i) 8.6 million restricted equity units under the 2009 Travelport Long-Term Incentive Plan, with immediate vesting, (ii) 2.5 million restricted equity units under the 2010 Travelport Long-Term Incentive Plan, that vested on August 1, 2012, and (iii) 0.1 million restricted equity units under the 2011 Travelport Long-Term Incentive Plan, that vested on August 1, 2012.

 

(5) The Company completed net share settlements for 1.9 million Partnership restricted equity units and 0.5 million Worldwide shares in connection with employee taxable income created upon issuance. The Company agreed to pay these taxes of £1 million, on behalf of the employees in return for the employees returning an equivalent value of restricted equity units or shares, as appropriate.