4//SEC Filing
CITADEL BROADCASTING CORP 4
Accession 0001179110-07-011623
CIK 0001174527operating
Filed
May 29, 8:00 PM ET
Accepted
May 30, 4:27 PM ET
Size
10.2 KB
Accession
0001179110-07-011623
Insider Transaction Report
Form 4
FREEDLINE ROBERT G
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2007-05-25$8.52/sh−12,599$107,343→ 87,401 total - Award
Common Stock
2007-05-26+117,371→ 204,772 total - Award
Stock Option (Right to Buy)
2007-05-26+131,447→ 281,447 totalExercise: $8.52Exp: 2017-05-25→ Common Stock (131,447 underlying)
Footnotes (3)
- [F1]Includes 66,667 shares of restricted stock which shall vest in one-half installments annually, beginning on May 25, 2008, and 117,371 shares of restricted stock which shall vest in one-third installments annually, beginning on May 25, 2008, in each case subject to terms and conditions that do not differ materially from the Issuer's Form of Restricted Stock Grant for grants made under the Issuer's Amended and Restated 2002 Long-Term Incentive Plan.
- [F2]Options become exercisable to the extent they have vested. Options vest with respect to shares of Common Stock in three equal installments commencing on May 25, 2008, subject to terms and conditions that do not differ materially from the Issuer's Form of Stock Option Agreement for grants made under the Issuer's Amended and Restated 2002 Long-Term Incentive Plan, except as described in footnote (3) of this Form 4.
- [F3]Includes options to acquire 150,000 shares of Common Stock granted to Mr. Freedline on May 26, 2006 and options to acquire 131,447 shares of Common Stock granted to Mr. Freedline on May 26, 2007 (collectively, the "Options"), in each case pursuant to the terms of the Employment Agreement by and between the Issuer and Mr. Freedline dated May 26, 2006 (the "Employment Agreement"). Upon the payment by the Issuer of the special cash distribution to holders of record of Common Stock in connection with the transactions contemplated by the Merger Agreement dated as of February 6, 2006 and amended on November 19, 2006, by and among the Issuer, Alphabet Acquisition Corp., The Walt Disney Company and ABC Radio Holdings, Inc. (f/k/a ABC Chicago FM Radio, Inc.), the per share exercise price of each Option and number of shares of Common Stock subject to that Option shall be adjusted in accordance with the formula contained in the Employment Agreement.
Documents
Issuer
CITADEL BROADCASTING CORP
CIK 0001174527
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001174527
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 4:27 PM ET
- Size
- 10.2 KB