DIAL GLOBAL, INC. /DE/ 4
4 · DIAL GLOBAL, INC. /DE/ · Filed Jun 25, 2012
Insider Transaction Report
Form 4
CLIFTON JEAN B
EVP and CFO
Transactions
- Award
Stock Option (right to buy)
2012-06-25+650,000→ 650,000 totalExercise: $3.07From: 2013-06-25Exp: 2022-06-25→ Class A Common stock (650,000 underlying)
Footnotes (1)
- [F1]Option to buy 650,000 shares of Class A common stock of Dial Global, Inc. at $3.07/share, representing the average of the Class A common stock opening and closing price on the date of grant. The option will vest in equal 25% increments on an annual basis beginning on the first anniversary of the grant date (June 25, 2013) and on each of the three anniversaries thereafter, through and including June 25, 2016 such that, on June 25, 2016 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.