SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KANTOR DAVID M

(Last) (First) (Middle)
1010 WAYNE AVENUE
14TH FLOOR

(Street)
SILVER SPRING MD 20910

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
URBAN ONE, INC. [ UONE/UONEK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CEO, Radio Division
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class D Common Stock 01/06/2020 M 139,084 A $0(1) 272,758 D
Class D Common Stock 06/17/2020 S 272,758 D $5.39(2)(3) 0 D
Class D Common Stock 06/17/2020 M 250,981 A $2.04(2) 250,981 D
Class D Common Stock 06/17/2020 M 49,019 A $2.04(2) 300,000 D
Class D Common Stock 06/17/2020 M 50,000 A $1.9(2) 350,000 D
Class D Common Stock 06/17/2020 M 86,774 A $2.17(2) 436,774 D
Class D Common Stock 06/17/2020 S 250,981 D $6.15(2) 185,793 D
Class D Common Stock 06/17/2020 S 49,019 D $6.15(2) 136,774 D
Class D Common Stock 06/17/2020 S 50,000 D $6.15(2) 86,744 D
Class D Common Stock 06/17/2020 S 86,774 D $6.15(2) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $2.04 06/17/2020 M 250,981 11/05/2015 11/05/2025 Class D Common Stock 250,981 $6.15 250,981 D
Stock Option $2.04 06/17/2020 M 49,019 11/05/2015 11/05/2025 Class D Common Stock 49,019 $6.15 49,019 D
Stock Option $1.9 06/17/2020 M 50,000 08/07/2017 08/07/2027 Class D Common Stock 50,000 $6.15 50,000 D
Stock Option $2.17 06/17/2020 M 86,774 07/05/2019 07/05/2027 Class D Common Stock 86,774 $6.15 86,774 D
Explanation of Responses:
1. As reported in our Form 10-Q filed November 12, 2019, Form 10K filed April 29, 2020 and Form 10-Q filed represents a grant of restricted stock units under the Urban One, Inc. 2019 Equity and Other Incentive Plan. The grants were effective June 12, 2019 and vested on January 6, 2020. The grant was for 195,242 restricted shares of the Company's Class D common stock and the 139,084 represents the retained amounts after the withholding of 56,158 shares for taxes.
2. All transactions previously reported on our Form 8-K filed June 17, 2020.
3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions. The reporting person undertakes to provide to Urban One, Inc., any security holder of Urban One, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
Karen Wishart, Attorney-In-Fact 06/30/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.