4//SEC Filing
Kitchen Christopher 4
Accession 0001499832-18-000106
CIK 0001499832other
Filed
Aug 19, 8:00 PM ET
Accepted
Aug 20, 4:47 PM ET
Size
13.3 KB
Accession
0001499832-18-000106
Insider Transaction Report
Form 4
Kitchen Christopher
EVP and General Counsel
Transactions
- Disposition to Issuer
Options to Purchase Class A Common Stock
2018-08-16−25,000→ 43,975 totalExercise: $8.96Exp: 2021-01-26→ Class A Common Stock (25,000 underlying) - Disposition to Issuer
Options to Purchase Class A Common Stock
2018-08-16−50,000→ 25,000 totalExercise: $9.63Exp: 2025-08-19→ Class A Common Stock (50,000 underlying) - Award
Options to Purchase Class A Common Stock
2018-08-17+43,975→ 68,975 totalExercise: $8.74Exp: 2025-08-19→ Class A Common Stock (43,975 underlying) - Award
Options to Purchase Class A Common Stock
2018-08-17+23,719→ 67,694 totalExercise: $8.74Exp: 2021-01-26→ Class A Common Stock (23,719 underlying)
Footnotes (5)
- [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 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.
- [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 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.
Documents
Issuer
Townsquare Media, Inc.
CIK 0001499832
Entity typeother
Related Parties
1- filerCIK 0001650547
Filing Metadata
- Form type
- 4
- Filed
- Aug 19, 8:00 PM ET
- Accepted
- Aug 20, 4:47 PM ET
- Size
- 13.3 KB