KOSANN PETER 4
4 · WESTWOOD ONE INC /DE/ · Filed Jan 4, 2006
Insider Transaction Report
Form 4
KOSANN PETER
DirectorPresident and CEO
Transactions
- Award
Stock Option
2006-01-03+125,000→ 125,000 totalExercise: $16.42From: 2007-01-03Exp: 2016-01-03→ Common Stock (125,000 underlying) - Award
Restricted Stock Unit
2006-01-03+41,667→ 41,667 total→ Common Stock (41,667 underlying)
Footnotes (2)
- [F1]Grant of restricted stock units that vest in equal one-fourth increments on January 3, 2007, 2008, 2009 and 2010. The restricted stock units convert on a "1 for 1" basis. One share of stock shall be distributed with respect to each vested restricted stock unit as soon as practicable following the earlier of the vesting date or the Reporting Person's "Termination" (as defined in the Westwood One, Inc. 2005 Equity Compensation Plan).
- [F2]Option to buy 125,000 shares of Westwood One, Inc. common stock that will become exercisable in equal one-fourth increments on January 3, 2007, 2008, 2009 and 2010.