Townsquare Media, Inc. 4
4 · Townsquare Media, Inc. · Filed Aug 21, 2015
Insider Transaction Report
Form 4
Prasad Dhruv
EXECUTIVE VICE PRESIDENT10% Owner
Transactions
- Award
Options to Purchase Class B Common Stock
2015-08-19+100,000→ 556,005 totalExercise: $12.27Exp: 2025-08-19→ Class B Common Stock (100,000 underlying)
Footnotes (3)
- [F1]The Reporting Person's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.
- [F2]In connection with the issuer's initial public offering (the "IPO") in July 2014, the Reporting Person entered into a stockholders' agreement (the "Stockholders' Agreement") with OCM POF IV AIF GAP Holdings, L.P. ("GAP Holdings"), OCM PF/FF Radio Holdings PT, L.P. ("Radio Holdings"), FiveWire Media Ventures, LLC ("FiveWire") and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, "Oaktree"), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a "group" with FiveWire and its members.
- [F3]The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.