Glassman Hilary E 4
4 · CITADEL BROADCASTING CORP · Filed Sep 19, 2011
Insider Transaction Report
Form 4
Glassman Hilary E
SVP and General Counsel
Transactions
- Tax Payment
Common Stock - Class A
2011-09-16$34.12/sh−3,622$123,583→ 6,378 total - Disposition to Issuer
Common Stock - Class A
2011-09-16−6,378→ 0 total
Footnotes (2)
- [F1]Represents shares withheld to pay tax withholding obligations in connection with the vesting of certain awards of restricted stock as a result of the Merger (described below).
- [F2]On September 16, 2011, Cadet Merger Corporation, an indirect wholly-owned subsidiary of Cumulus Media Inc. ("Cumulus Media"), merged with and into the Issuer (the "Merger"), resulting in the cancellation of all shares of the Issuer outstanding at the time of the Merger. Shares disposed of in the Merger were exchanged for $30.40 in cash and 1.521 shares of Cumulus Media Class A common stock, with cash paid for any fractional share of Class A common stock of the Issuer.