SHERIDAN ROBERT H III 4
4 · CUMULUS MEDIA INC · Filed May 25, 2011
Insider Transaction Report
Form 4
SHERIDAN ROBERT H III
Director
Transactions
- Tax Payment
Class A Common Stock
2011-05-23$4.09/sh−375$1,534→ 31,851 total
Footnotes (3)
- [F1]The reporting person serves on the board of directors of the Issuer as a designee of BA Capital Company, L.P. ("BA Capital"). Pursuant to the policies of BA Capital and its affiliates, the reporting person is deemed to hold the reported shares of restricted Class A Common Stock for the benefit of BA Capital. BA Capital may be deemed the indirect beneficial owner of the shares of restricted Class A Common Stock.
- [F2]Additionally, these shares of restricted Class A Common Stock may be deemed to be beneficially owned by (a) RE SBIC Management, LLC (f/k/a BA SBIC Management, LLC), the general partner of BA Capital, (b) RE Equity Management, L.P. (f/k/a BA Equity Management, L.P.), the sole member of RE SBIC Management, LLC, (c) RE Equity Management GP, LLC (f/k/a BA Equity Management GP, LLC), the general partner of RE Equity Management, L.P., and (d) J. Travis Hain, the managing member of RE Equity Management GP, LLC. Mr. Hain disclaims beneficial ownership of such securities. The reporting person disclaims beneficial ownership of the shares of restricted Class A Common Stock except to the extent of his pecuniary interest therein.
- [F3]Represents shares withheld by The Company soley to satisfy tax obligation upon vesting of award.