WESTWOOD ONE INC /DE/ 4
4 · WESTWOOD ONE INC /DE/ · Filed Jul 8, 2008
Insider Transaction Report
Form 4
Ming H Melvin
Director
Transactions
- Exercise/Conversion
Common Stock
2008-07-07+6,553→ 6,553 totalExercise: $0.00→ Common Stock (6,553 underlying) - Exercise/Conversion
Common Stock
2008-07-07+6,682→ 34,246 total
Footnotes (2)
- [F1]Includes 129 shares of dividend equivalents which accrued on such award prior to vesting.
- [F2]Grant of restricted stock units ("RSUs") on July 7, 2006 that vest (or vested) in equal one-third increments on August 6, 2007, July 7, 2008 and July 7, 2009. Accordingly, on July 7, 2008, the 6,553 shares that vested on such date were settled by delivery of a corresponding number of shares of the Issuer's common stock. The 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).