4//SEC Filing
HOGAN JOHN E 4
Accession 0001140361-12-044566
CIK 0001400891other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 3:08 PM ET
Size
8.2 KB
Accession
0001140361-12-044566
Insider Transaction Report
Form 4
HOGAN JOHN E
CEO - Clear Channel Radio
Transactions
- Award
Class A Common Stock
2012-10-22+189,551→ 205,352 total - Award
Class A Common Stock
2012-10-22+163,295→ 368,647 total
Footnotes (2)
- [F1]On October 22, 2012, the issuer granted the restricted stock (the "Replacement Shares") under the Clear Channel 2008 Executive Incentive Plan under an option exchange program (the "Program") expected to expire on November 19, 2012. The reporting person may elect to exchange certain of his existing options for the right to retain the Replacement Shares in the Program. If the reporting person ceases to be eligible or declines to participate in the Program, the Replacement Shares will be forfeited and he will retain his existing options with no changes to the terms. Of the Replacement Shares, (1) 38,250 shares are vested and 114,750 shares will vest in three equal annual installments beginning on December 31, 2012, and (2) 9,137 shares are vested and 27,414 shares will vest in three equal annual installments beginning on February 17, 2013. An additional 36,550 Replacement Shares not included in the table will vest, if at all, upon the achievement of performance conditions.
- [F2]On October 22, 2012, the issuer granted the fully-vested restricted stock reported (the "Additional Shares") pursuant to a tax assistance program being offered in connection with the Program. If the reporting person participates in the Program and timely delivers a properly completed election form under Internal Revenue Code Section 83(b) to the issuer, the issuer intends to repurchase from him Additional Shares with a value sufficient to fund tax withholdings in connection with the Replacement Shares, subject to an aggregate maximum amount. Any Additional Shares that are not repurchased will be forfeited at the expiration of the Program. If the reporting person does not timely deliver a properly completed 83(b) election form or ceases to be eligible or declines to participate in the Program, all Additional Shares will be forfeited. The reporting person received the Additional Shares under the Clear Channel 2008 Executive Incentive Plan.
Documents
Issuer
CC Media Holdings Inc
CIK 0001400891
Entity typeother
Related Parties
1- filerCIK 0001212893
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 3:08 PM ET
- Size
- 8.2 KB