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KOSANN PETER 4

Accession 0000771950-06-000001

CIK 0000771950other

Filed

Jan 3, 7:00 PM ET

Accepted

Jan 4, 12:55 PM ET

Size

8.5 KB

Accession

0000771950-06-000001

Insider Transaction Report

Form 4
Period: 2006-01-03
KOSANN PETER
DirectorPresident and CEO
Transactions
  • Award

    Stock Option

    2006-01-03+125,000125,000 total
    Exercise: $16.42From: 2007-01-03Exp: 2016-01-03Common Stock (125,000 underlying)
  • Award

    Restricted Stock Unit

    2006-01-03+41,66741,667 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.

Issuer

WESTWOOD ONE INC /DE/

CIK 0000771950

Entity typeother

Related Parties

1
  • filerCIK 0001285953

Filing Metadata

Form type
4
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 12:55 PM ET
Size
8.5 KB