Landau David Marc 4
4 · DIAL GLOBAL, INC. /DE/ · Filed Dec 22, 2011
Insider Transaction Report
Form 4
Landau David Marc
co-Chief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2011-12-20+1,637,125→ 1,637,125 totalExercise: $3.27From: 2011-12-20Exp: 2021-12-20→ Class A Common stock (1,637,125 underlying)
Footnotes (1)
- [F1]Option to buy 1,637,125 shares of Class A common stock of Dial Global, Inc. at $3.27/share, representing the average of the Class A common stock opening and closing price on the date of grant. 2.5% vested and became exercisable immediately; 87.5% will vest in monthly installments of 2.5% beginning on December 21, 2011 through and including October 21, 2014; and (iii) 10% will become vested and exercisable in monthly installments of 0.833% commencing on November 21, 2014 through and including October 21, 2015; such that, upon October 21, 2015, the reporting person shall be fully vested in the option. This option was awarded under the Dial Global, Inc. 2011 Stock Option Plan (the "2011 Plan"), which was approved by the Company's Board and the Company's stockholders on December 19, 2011. This option and the 2011 Plan are not effective until 20 calendar days have elapsed from the mailing of the Information Statement on Schedule 14C to the Company's stockholders.