<SEC-DOCUMENT>0001181431-12-013138.txt : 20120229
<SEC-HEADER>0001181431-12-013138.hdr.sgml : 20120229
<ACCEPTANCE-DATETIME>20120229201848
ACCESSION NUMBER:		0001181431-12-013138
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120227
FILED AS OF DATE:		20120229
DATE AS OF CHANGE:		20120229

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kalvert Seth J
		CENTRAL INDEX KEY:			0001536024

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35362
		FILM NUMBER:		12655279

	MAIL ADDRESS:	
		STREET 1:		C/O EXPEDIA, INC.
		STREET 2:		333 108TH AVENUE NE
		CITY:			BELLEVUE
		STATE:			WA
		ZIP:			98004

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TripAdvisor, Inc.
		CENTRAL INDEX KEY:			0001526520
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				800743202
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		141 NEEDHAM STREET
		CITY:			NEWTON
		STATE:			MA
		ZIP:			02464
		BUSINESS PHONE:		617-670-6300

	MAIL ADDRESS:	
		STREET 1:		141 NEEDHAM STREET
		CITY:			NEWTON
		STATE:			MA
		ZIP:			02464
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
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        <issuerName>TripAdvisor, Inc.</issuerName>
        <issuerTradingSymbol>TRIP</issuerTradingSymbol>
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            <rptOwnerName>Kalvert Seth J</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02464</rptOwnerZipCode>
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            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP, GC, Secretary</officerTitle>
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            <underlyingSecurity>
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                <value>Options to purchase common stock</value>
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            <securityTitle>
                <value>Options to purchase common stock</value>
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    <footnotes>
        <footnote id="F1">Includes shares of Common Stock of the issuer (&quot;TripAdvisor&quot;) received in connection with the spin-off by Expedia, Inc. (&quot;Expedia&quot;) which was completed on December 20, 2011 (the &quot;Spin-Off&quot;).  The Spin-Off, which was immediately preceded by a one-for-two reverse stock split (the &quot;Reverse Stock Split&quot;) was effected by way of a reclassification, pursuant to which each share of Expedia Common Stock, par value $0.001 (&quot;Old Expedia Common Stock&quot;) was reclassified into one share of Expedia Common Stock, par value $0.0001 (&quot;New Expedia Common Stock&quot;), and 1/100 of a share of Expedia Series 1 Mandatory Exchangeable Preferred Stock which was automatically exchanged into one share of TripAdvisor's $0.001 par value Common Stock (&quot;TripAdvisor Common Stock&quot;).</footnote>
        <footnote id="F2">In connection with the Spin-Off, the reporting person's restricted stock units (&quot;RSUs&quot;) for Old Expedia Common Stock converted into RSUs for TripAdvisor Common Stock, with adjustments to the number of shares subject to each RSU based on (1) the value of TripAdvisor common stock prior to the Spin-Off and Reverse Stock Split and (2) the value of the common stock of TripAdvisor after giving effect to the Spin-Off and the Reverse Stock Split.</footnote>
        <footnote id="F3">Other than the adjustments described above, RSUs for TripAdvisor Common Stock received by the reporting person in connection with the Spin-Off have the same terms and conditions, including the same vesting periods, as his RSUs for Old Expedia Common Stock had immediately prior to the Spin-Off and Reverse Stock Split. One-fifth of the total number of RSUs vest on the first vesting date and an additional one-fifth each anniversary thereafter until the RSUs are fully vested, subject to the satisfaction of certain performance-related conditions.</footnote>
        <footnote id="F4">In connection with the Spin-Off, each of reporting person's unvested options to purchase Old Expedia Common Stock converted into an unvested option to purchase shares of TripAdvisor Common Stock and each of reporting person's vested options to purchase Old Expedia Common Stock converted into one vested option to purchase shares of New Expedia Common Stock and one vested option to purchase shares of TripAdvisor Common Stock, with adjustments to the number of underlying shares and exercise prices based on (1) the value of TripAdvisor common stock prior to the Spin-Off and (2) the value of the common stock of the applicable company (Expedia or TripAdvisor) after giving effect to the Spin-Off / Split.</footnote>
        <footnote id="F5">Other than the adjustments described above, vested and unvested options to purchase TripAdvisor Common Stock received by the reporting person in connection with the Spin-Off have the same terms and conditions, including the same exercise periods, as the vested and unvested options to purchase Old Expedia Common Stock had immediately prior to the Spin-Off and Reverse Stock Split.  Date at which first vesting occurs is indicated. One-fourth of the total number of options vest on the first vesting date and an additional one-fourth each anniversary thereafter until the options are fully vested.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Suzanne Filippi, attorney-in-fact for Seth J. Kalvert</signatureName>
        <signatureDate>2012-02-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
