TripAdvisor, Inc. — Director's Dealing 2012

May 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TripAdvisor, Inc. (TRIP)
CIK: 0001526520
Period of Report: 2012-05-03

Reporting Person: Liberty Interactive Corp (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-03	Common Stock	S	486935	$40.68	Disposed	21322969	Indirect
2012-05-03	Common Stock	S	24915	$41.86	Disposed	21298054	Indirect
2012-05-03	Common Stock	S	122900	$42.86	Disposed	21175154	Indirect
2012-05-03	Common Stock	S	7815250	$39.907	Disposed	13359904	Indirect

Footnotes

F1: The price reflects a weighted average of sales made at prices ranging from $40.40 to $41.39. The Reporting Person agrees to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

F2: The shares of common stock are held directly by Liberty USA Holdings, LLC, which is a wholly owned subsidiary of the Reporting Person.

F3: The price reflects a weighted average of sales made at prices ranging from $41.40 to $42.39. The Reporting Person agrees to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

F4: The price reflects a weighted average of sales made at prices ranging from $42.44 to $43.13. The Reporting Person agrees to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.