<SEC-DOCUMENT>0001193125-14-339063.txt : 20150126
<SEC-HEADER>0001193125-14-339063.hdr.sgml : 20150126
<ACCEPTANCE-DATETIME>20140911152401
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ACCESSION NUMBER:		0001193125-14-339063
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140911

FILER:

	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

	FILING VALUES:
		FORM TYPE:		CORRESP

	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
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<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Michael J. Minahan</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">617.570.1021</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">mminahan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">@goodwinprocter.com</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Goodwin Procter <SMALL>LLP</SMALL></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Counsellors
at Law</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Exchange Place</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Boston, MA 02109</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">T: 617.570.1000</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">F: 617.523.1231</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;11, 2014 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United
States Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549-4561 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attn: Barbara C. Jacobs, Assistant Director </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"><B>TripAdvisor, Inc. </B></TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Form 10-K for the Fiscal Year Ended December&nbsp;31, 2013
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Filed February&nbsp;11, 2014 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>File No.&nbsp;001-35362 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and
Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter is being furnished on behalf of TripAdvisor, Inc. (the &#147;<U>Company</U>&#148;) in response to comments
contained in the letter dated August&nbsp;21, 2014 (the &#147;<U>Letter</U>&#148;) from Barbara C. Jacobs of the Staff (the &#147;<U>Staff</U>&#148;) of the U.S. Securities and Exchange Commission (the &#147;<U>Commission</U>&#148;) to Julie M.B.
Bradley, Chief Financial Officer of the Company, with respect to the Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the Fiscal Year Ended December&nbsp;31, 2013 (File No.&nbsp;001-35362) that was filed with the
Commission on February&nbsp;11, 2014 (the &#147;<U>Form 10-K</U>&#148;). The responses provided herein are based upon information provided to Goodwin Procter LLP by the Company. The Company has acknowledged to us that it is responsible for the
accuracy and adequacy of the disclosures made in the Form 10-K and it has authorized this firm to respond to the Letter as follows: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Definitive Proxy
Statement on Schedule 14A </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Compensation Discussion and Analysis, page 21 </U></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>1.</I></TD>
<TD ALIGN="left" VALIGN="top"><I>Please refer to prior comment 3 in our letter dated June&nbsp;25, 2014. In your response, you indicate that employees other than Mr.&nbsp;Kaufer, Ms.&nbsp;Bradley and Mr.&nbsp;Kalvert &#147;do not have the authority
to formulate policy or make major decisions on behalf of the company.&#148; You appear to conclude on that basis that none of these individuals is an executive officer within the definition of Exchange Act Rule 3b-7. Please note that Rule 3b-7 does
not require that a vice president of a business unit, division, or function also have policy making functions. A vice president in charge of a principal unit would be considered an executive officer under the rule, irrespective of whether he or she
performs a policy making function. In your response, please provide us with your analysis as to whether any of the other individuals listed on your investor relations website under &#147;Corporate Governance &#150; Management&#148; or other
individuals who were serving in such roles as of December&nbsp;31, 2013 was an executive officer within the meaning of Rule 3b-7. </I></TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention: Barbara C. Jacobs
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September 11, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On an annual basis, the Company evaluates the roles and responsibilities of its various officers and key
employees and, specifically, the Company confirms whether any of those individuals meets the standards to be an executive officer pursuant to Rule 3b-7 under the Securities Exchange Act of 1934, as amended (the &#147;<U>Exchange Act</U>&#148;).
Under Rule 3b-7, an &#147;executive officer&#148; means a company&#146;s &#147;president, any vice president of the registrant in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer
who performs a policy making function, or any other person who performs similar policy making functions for the registrant.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In conducting its
analysis, the Company did consider the other individuals listed on the Company&#146;s investor relations website under &#147;Corporate Governance &#150; Management.&#148; Each such person&#146;s role was reviewed with respect to, not only his or her
involvement in setting policy and authority to make strategic and material operating decisions, but also his or her authority to (i)&nbsp;enter into significant contracts, (ii)&nbsp;make staffing or hiring decisions, (iii)&nbsp;make compensation
decisions, (iv)&nbsp;make capital expenditures, and (v)&nbsp;prepare or manage budgets, in each case without the approval of the Company&#146;s Chief Executive Officer or Chief Financial Officer. The Company also considered the Company&#146;s
reporting structure and the role of Mr.&nbsp;Kaufer. At the time of the filing of the Form 10-K, Mr.&nbsp;Kaufer was in direct control of and actively managed all aspects of the Company&#146;s business operations in his role as the President and
Chief Executive Officer, except for certain specialized areas such as finance and legal functions. Therefore, the Company determined that the only &#147;executive officers&#148; of the Company, as defined in Rule 3b-7 under the Exchange Act, were
the Company&#146;s Chief Executive Officer, Chief Financial Officer and General Counsel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to re-evaluate the roles and
responsibilities of its various officers and key employees in connection with the preparation of its periodic reports for the year ending December&nbsp;31, 2014. The Company will take into account, among other things, the factors mentioned above as
well as the recent comment letters from the Staff. The Company will also take into account the then current reporting structure, particularly as the Company continues to grow through new product introductions and acquisitions and the roles and
responsibilities of its various officers and key employees evolve. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention: Barbara C. Jacobs
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September 11, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you require additional information, please telephone the undersigned at
(617)&nbsp;570-1021. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top">Sincerely,</TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Michael J. Minahan, Esq.</P></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael J. Minahan, Esq.</P></TD></TR>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top">Julie M.B. Bradley, Chief Financial Officer, <I>TripAdvisor, Inc.</I> </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Seth Kalvert, SVP and
General Counsel, <I>TripAdvisor, Inc</I>.<I></I> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Linda C. Frazier, VP and Associate General Counsel, <I>TripAdvisor, Inc</I>.<I></I> </P>
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