Prasad Dhruv 4

Accession 0001499832-18-000101

CIK 0001499832other

View on SEC.gov Company Profile

Filed

Aug 19, 8:00 PM ET

Accepted

Aug 20, 4:42 PM ET

Size

17.8 KB

Accession

0001499832-18-000101

Insider Transaction Report

Form 4

Period: 2018-08-16

Townsquare Media, Inc.TSQ

Prasad Dhruv

EXECUTIVE VICE PRESIDENT10% Owner

Transactions

Disposition to Issuer
Options to Purchase Class B Common Stock
2018-08-16−100,000→ 1,106,005 total
Exercise: $8.96Exp: 2021-01-26→ Class B Common Stock (100,000 underlying)
Award
Options to Purchase Class B Common Stock
2018-08-17+391,420→ 1,124,246 total
Exercise: $8.74Exp: 2024-07-25→ Class B Common Stock (391,420 underlying)
Disposition to Issuer
Options to Purchase Class B Common Stock
2018-08-16−100,000→ 1,100,881 total
Exercise: $9.63Exp: 2025-08-19→ Class B Common Stock (100,000 underlying)
Disposition to Issuer
Options to Purchase Class B Common Stock
2018-08-16−456,005→ 732,826 total
Exercise: $9.63Exp: 2024-07-25→ Class B Common Stock (456,005 underlying)
Award
Options to Purchase Class B Common Stock
2018-08-17+94,876→ 1,200,881 total
Exercise: $8.74Exp: 2021-01-26→ Class B Common Stock (94,876 underlying)
Award
Options to Purchase Class B Common Stock
2018-08-17+87,950→ 1,188,831 total
Exercise: $8.74Exp: 2025-08-19→ Class B Common Stock (87,950 underlying)

Footnotes (6)

[F1]This transaction reflects the cancellation of certain outstanding stock options ("Surrendered Options") to purchase Class B common stock of Townsquare Media, Inc. (the "Company") that were previously granted to the Reporting Persons and voluntarily surrendered by the Reporting Person to the Company in connection with the Company's offer to exchange certain outstanding options for new replacement options to purchase Class B common stock of the Company ("Replacement Options") as more fully described in the Schedule TO-I filed with the Securities Exchange Commission on July 18, 2018 and as amended on July 31, 2018, August 9, 2018, August 14, 2018, August 16, 2018 and August 17, 2018 (the "Exchange Offer").
[F2]The Surrendered Options were granted on January 26, 2016 and were scheduled to vest as to 50% on January 26, 2019 and 50% on January 26, 2020; the Replacement Options granted in respect thereof will become vested on the same schedule.
[F3]The exercise price per share of the Replacement Options equals the closing price per share of the Company's Class A common stock as reported on the New York Stock Exchange on August 16, 2018, the closing of the Exchange Offer.
[F4]This transaction reflects the grant of Replacement Options in connection with the Exchange Offer.
[F5]The Surrendered Options were granted on August 19, 2015 and were fully vested at grant with transfer restrictions scheduled to lapse as to 30% on August 19, 2019; the Replacement Options granted in respect thereof are fully vested and will become fully transferable on the same schedule.
[F6]The Surrendered Options were granted on July 25, 2014 and were fully vested at grant, with transfer restrictions that have fully lapsed as of the date hereof; the Replacement Options granted in respect thereof are fully vested and fully transferable.

Documents

1 file

4
wf-form4_153479771572543.xmlPrimary
FORM 4

Issuer

Townsquare Media, Inc.

CIK 0001499832

→

Entity typeother

Related Parties

filerCIK 0001613710

Filing Metadata

Form type: 4
Filed: Aug 19, 8:00 PM ET
Accepted: Aug 20, 4:42 PM ET
Size: 17.8 KB

View on SEC.gov