ELLIS JUDITH A 4
4 · CITADEL BROADCASTING CORP · Filed Apr 1, 2009
Insider Transaction Report
Form 4
ELLIS JUDITH A
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2009-03-31$0.08/sh−12,600$1,008→ 332,535 total
Footnotes (2)
- [F1]Settlement of tax witholding obligations.
- [F2]Includes (1) approximately 1,637 shares of Common Stock held in the Citadel Broadcasting Company 401(k) Retirement Savings Plan, as of March 27, 2009, (2) 33,333 shares of performance based restricted shares that will vest on March 22, 2010, subject to the satisfaction of certain performance objectives and in each case subject to Ms. Ellis' continuous service with the Company through the applicable vesting date and (3) 125,000 performance based shares that vest in three portions annually, on the anniversary date of the grant, with the first third vesting as of June 27, 2009, subject to the satisfaction of certain performance objectives as well as Ms. Ellis' continuous service with the Citadel Broadcasting Corporation (the "Company") through the applicable vesting date.