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Expedia Group, Inc. — Director's Dealing 2012
Oct 11, 2012
17835_dirs_2012-10-11_6d38fae9-806e-4942-bad5-b225b214a1aa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Expedia, Inc. (EXPE)
CIK: 0001324424
Period of Report: 2012-10-09
Reporting Person: Liberty Interactive Corp (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-10-09 | Common Stock | J | 12000000 | — | Disposed | 9809904 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-10-09 | Forward Sale Contract (obligation to sell) | $ | J | 1 | Disposed | Common Stock (12000000) | Indirect |
Footnotes
F1: On October 9, 2012, the Reporting Person settled a post-paid forward sale contract with respect to 12,000,000 notional shares of Common Stock (the "Number of Shares"). The Reporting Person entered into the post-paid forward sale contract with a financial institution (the "Counterparty") on March 26, 2012. The contract obligated the Reporting Person to deliver to the Counterparty the Number of Shares (or, at the Reporting Person's election, an amount of cash based on a formula) on the settlement date for the contract, in return for the forward price ($34.316) multiplied by the Number of Shares. The transaction settled on a physical settlement basis on October 9, 2012. The 12,000,000 shares delivered upon physical settlement had been pledged by the Reporting Person to the Counterparty to secure its obligations under the forward sale contract.