4//SEC Filing
HUTCHINS WINSTON 4
Accession 0001209191-10-025558
CIK 0001174527other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 7:00 PM ET
Size
13.7 KB
Accession
0001209191-10-025558
Insider Transaction Report
Form 4
HUTCHINS WINSTON
10% Owner
Transactions
- Sale
Common Stock
2010-05-05$0.18/sh−175,000$31,308→ 74,953,588 total(indirect: See note) - Sale
Common Stock
2010-05-04$0.23/sh−449,115$101,186→ 75,128,588 total(indirect: See note) - Sale
Common Stock
2010-05-03$0.29/sh−340,000$99,246→ 75,937,703 total(indirect: See note) - Sale
Common Stock
2010-05-04$0.21/sh−360,000$76,068→ 75,577,703 total(indirect: See note)
Footnotes (7)
- [F1]Winston W. Hutchins is a general partner of FLC XXXII Partnership, L.P., which is the general partner of Forstmann Little & Co. Equity Partnership - VI, L.P. ("Equity-VI") and Forstmann Little & Co. Equity Partnership - VII, L.P. ("Equity-VII"). Mr. Hutchins is also a general partner of FLC XXXIII Partnership, L.P., which is the general partner of Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VII, L.P. ("MBO-VII") and Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VIII, L.P. ("MBO-VIII").
- [F2]On May 3-5, 2010, Equity-VI, Equity-VII, MBO-VII and MBO-VIII entered into agreements to sell 875,000 shares of common stock, 118,905 shares of common stock, 232,792 shares of common stock and 97,418 shares of common stock, respectively. Following such sales, Equity-VI will own 33,609,608 shares of common stock, Equity-VII will own 10,945,975 shares of common stock, MBO-VII will own 21,430,020 shares of common stock and MBO-VIII will own 8,967,985 shares of common stock.
- [F3]Represents the weighted average price of multiple transactions with a range of prices between $0.2121 and $0.4145. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F4]The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]Represents the weighted average price of multiple transactions with a range of prices between $0.1970 and $0.2300. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F6]Represents the weighted average price of multiple transactions with a range of prices between $0.2000 and $0.2410. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F7]Represents the weighted average price of multiple transactions with a range of prices between $0.1750 and $0.2000. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
Documents
Issuer
CITADEL BROADCASTING CORP
CIK 0001174527
Entity typeother
Related Parties
1- filerCIK 0001018328
Filing Metadata
- Form type
- 4
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 7:00 PM ET
- Size
- 13.7 KB