Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Company's RSUs and Stock Options

The activity of the Company’s RSUs and stock options for the six months ended June 30, 2014 is presented below:


	Shares					Restricted Share Units					Stock Options
(in millions, except per share, RSU or stock option fair value)	Number of Shares			Weighted Average Grant Date Fair Value		Number of RSUs			Weighted Average Grant Date Fair Value		Number of Options		Weighted Average Grant Date Fair Value
Balance as of January 1, 2014		6.4		$	0.74		41.8		$	0.39		2.0	$	0.12
Granted at fair market value		—			—		23.9		$	1.56		2.0	$	1.09
Vesting of restricted share units		8.5		$	0.44		(8.5	)	$	0.44		—		—
Forfeited/cancelled		—			—		(3.6	)	$	0.40		—		—
Net share settlement⁽¹⁾		(3.7	)	$	0.45		—			—		—		—

Balance as of June 30, 2014		11.2		$	0.61		53.6		$	0.90		4.0	$	0.61

(1)

The Company completed net share settlements for 3.7 million shares in Travelport Worldwide in connection with employee taxable income created upon issuance of shares. The Company agreed to pay these taxes on behalf of the employees in return for the employees returning an equivalent value of shares.

Schedule of Employee Options Grant Estimated Weighted-Average Assumptions

The fair values of employee options granted in June 2014 have been estimated as of the date of grant using the following weighted-average assumptions:


Expected term from grant date (in years)	3
Risk free interest rate	0.80	%
Expected volatility	60	%
Dividend yield	0	%

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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