|TRIVAGO N.V. filed this Form 20-F on 03/06/2018|
In the third quarter of 2015, certain employees exercised stock options, and Expedia Lodging Partner Services S.à r.l. advanced to each option holder employee involved in the exercise amounts equivalent to such employee’s personal tax liability related to the option exercise by issuing loans. Such loans were collateralized by the underlying shares and were repaid by employees from 2016 liquidation event proceeds. In the second quarter of 2017, trivago GmbH advanced additional loans to two employees to cover their personal tax liability relating to their exercise of options. Such loans are collateralized by the underlying shares, and will be repaid from liquidation proceeds.
See Note 10—Share-based awards and other equity instruments in the notes to our consolidated financial statements.
Agreements with management board or supervisory board members
For a description of our agreements with our management board and supervisory board members, please see “Item 6 C. Directors, Senior Management and Employees—Board Practices—Management board member services agreements” and “Item 6 C. Directors, Senior Management and Employees—Board Practices—Supervisory board member services agreements.”
We have entered into indemnification agreements with members of our management board and our supervisory board. Our articles of association require us to indemnify our management board members and supervisory board members to the fullest extent permitted by law.