WESTWOOD ONE INC /DE/ 4
4 · WESTWOOD ONE INC /DE/ · Filed Jun 23, 2008
Insider Transaction Report
Form 4
Nunez Emanuel
Director
Transactions
- Award
Common Stock
2008-06-19+109,488→ 109,488 total
Footnotes (1)
- [F1]Grant of restricted stock units ("RSUs") on June 19, 2008 that vested and/or vest in equal one-third increments on June 19, 2009, 2010 and 2011. RSUs convert on a "1 for 1" basis. One share of stock is distributed with respect to each vested RSU as soon as practicable following the earlier of the vesting date or the Reporting Person's "Termination" (as such term is defined in the Westwood One, Inc. 2005 Equity Compensation Plan) unless the Reporting Person elects to defer payment of the Award. The Reporting Person may elect to defer payment of the Award until either: (i) a future date chosen by the Reporting Person (which date shall not be earlier than June 19, 2011), provided, that, if the Reporting Person's Termination occurs prior to the date specified, the shares relating to the vested RSUs as of that date will be distributed on the date of such Termination; or (ii) the date of the Reporting Person's Termination.