TripAdvisor, Inc. — Director's Dealing 2011

Dec 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TripAdvisor, Inc. (TRIP)
CIK: 0001526520
Period of Report: 2011-12-20

Reporting Person: Expedia, Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-20	Class B Common Stock	J	12799999.0000	$0.0000	Acquired	12799999.0000	Direct
2011-12-20	Class B Common Stock	J	12799999.0000	$0.0000	Disposed	0.0000	Direct
2011-12-20	Common Stock	J	120660788.0000	$0.0000	Acquired	120661788.0000	Direct
2011-12-20	Common Stock	J	120661788.0000	$0.0000	Disposed	0.0000	Direct

Footnotes

F1: On December 20, 2011, in connection with the recapitalization of TripAdvisor, Inc. ("TripAdvisor") to effect its spin-off from Expedia, Inc. ("Expedia"), the 1,000 shares of TripAdvisor Common Stock previously owned by Expedia became that number of shares of TripAdvisor Common Stock and TripAdvisor Class B Common Stock sufficient to permit Expedia to distribute to its stockholders one share of TripAdvisor Common Stock for each outstanding share of Expedia Common Stock and one share of Class B Common Stock for each outstanding share of Expedia Class B Common Stock. On December 20, 2011, Expedia completed the spin-off of TripAdvisor, distributing all of its shares of TripAdvisor Common Stock and all of its shares of TripAdvisor Class B Common Stock to holders of Expedia Common Stock and Expedia Class B Common Stock, respectively, on a share for share basis.