FIELD JOSEPH M 4
4 · ENTERCOM COMMUNICATIONS CORP · Filed Nov 24, 2020
Insider Transaction Report
Form 4
FIELD JOSEPH M
DirectorChairman10% Owner
Transactions
- Sale
Class A Common Stock, par value $0.01 per share
2020-11-23$2.57/sh−1,000,000$2,570,000→ 13,151,336 total(indirect: By Trust) - Sale
Class B Common Stock, par value $.01 per share
2020-11-23$2.57/sh−1,000,000$2,570,000→ 1,295,949 total→ Class A Common Stock (1,000,000 underlying)
Holdings
- 1,057,211
Class A Common Stock, par value $0.01 per share
Footnotes (5)
- [F1]Amount shown includes 1,000,000 shares which were previously indirectly held by the Reporting Person in a grantor retained annuity trust and are now directly held by the Reporting Person
- [F2]In connection with his estate planning, the Reporting Person sold 1,000,000 shares of Class A Common Stock to his Daughter.
- [F3]Class B Common Stock is convertible to Class A Common Stock, at any time, on a one for one basis and has no expiration date.
- [F4]In connection with his estate planning, the Reporting Person sold 1,000,000 shares of Class B Common Stock to his Son.
- [F5]Amount shown includes 1,295,949 shares which were previously indirectly held by the Reporting Person in three grantor retained annuity trusts and are now directly held by the Reporting Person.