WESTWOOD ONE INC /DE/ 4
4 · WESTWOOD ONE INC /DE/ · Filed Dec 8, 2008
Insider Transaction Report
Form 4
PATTIZ NORM
DirectorChairman of the Board
Transactions
- Exercise/Conversion
Common Stock
2008-12-01+2,785→ 900,912 total - Exercise/Conversion
Restricted Stock Unit
2008-12-01+2,777→ 2,779 total→ Common Stock (2,777 underlying)
Holdings
- 300,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Acquired in connection with the settlement of restricted stock units ("RSUs") awarded on December 1, 2006 upon which dividend equivalents (8 shares) accrued prior to vesting.
- [F2]Grant of RSUs on December 1, 2006 that vested and/or vest in equal one-third increments on December 1, 2007, December 1, 2008 and December 1, 2009. Accordingly, on December 1, 2008, the 2,777 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 date of the Reporting Person's "Termination" (as such term is defined in the Westwood One, Inc. 2005 Equity Compensation Plan).