4//SEC Filing
HUTCHINS WINSTON 4
Accession 0001209191-10-026602
CIK 0001174527other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 7:32 PM ET
Size
11.5 KB
Accession
0001209191-10-026602
Insider Transaction Report
Form 4
HUTCHINS WINSTON
10% Owner
Transactions
- Sale
Common Stock
2010-05-07$0.15/sh−487,721$70,915→ 73,677,704 total(indirect: See note) - Sale
Common Stock
2010-05-06$0.15/sh−300,442$44,045→ 74,653,146 total(indirect: See note) - Sale
Common Stock
2010-05-06$0.15/sh−487,721$73,451→ 74,165,425 total(indirect: See note)
Footnotes (6)
- [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 6-7, 2010, Equity-VI, Equity-VII, MBO-VII and MBO-VIII entered into agreements to sell 300,442 shares of common stock, 258,252 shares of common stock, 505,606 shares of common stock and 211,584 shares of common stock, respectively. Following such sales, Equity-VI will own 33,309,166 shares of common stock, Equity-VII will own 10,687,723 shares of common stock, MBO-VII will own 20,924,414 shares of common stock and MBO-VIII will own 8,756,401 shares of common stock.
- [F3]Represents the weighted average price of multiple transactions with a range of prices between $0.1200 and $0.1650. 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 $0.1250 and $0.1700. 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 $0.1380 and $0.1517. 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 9, 8:00 PM ET
- Accepted
- May 10, 7:32 PM ET
- Size
- 11.5 KB