Travel & Leisure Co. — Director's Dealing 2011

Aug 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WYNDHAM WORLDWIDE CORP (WYN)
CIK: 0001361658
Period of Report: 2011-07-28

Reporting Person: MULRONEY BRIAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-28	Common Stock	A	688	—	Acquired	53932	Direct
2011-07-28	Common Stock	A	434	—	Acquired	1387	Direct

Footnotes

F1: Consists of deferred stock units issued under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan to satisfy obligations under the Wyndham Worldwide Corporation's Non-Employee Directors Deferred Compensation Plan with respect to shares issued to the reporting person for quarterly retainer fees for non-employee Directors. Each deferred stock unit will entitle the reporting person to receive one share of common stock following the reporting person's retirement or termination of service from the Board of Directors for any reason. The reporting person may not sell or receive value from any deferred stock unit prior to termination of service.

F2: Includes 254 deferred stock units issued under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan to satisfy obligations under the Wyndham Worldwide Corporation's Non-Employee Directors Deferred Compensation Plan for deferred stock units issued to the reporting person respecting regular quarterly cash dividends. The number of deferred stock units is calculated by dividing the cash value of the dividends payable to the reporting person by the closing price of a share of common stock on the dividend payment date.

F3: Consists of common stock issued under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan, as amended, for shares issued to the reporting person for quarterly retainer fees for non-employee Directors.