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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Option to Purchase Class B Common Stock | $ 8.74 | 04/04/2024 | M | 1,565,681 | (4) | 07/25/2024 | Class B Common Stock | 1,565,681 | $ 0 (5) | 1,075,141 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| PRICE STEVEN C/O TOWNSQUARE MEDIA, INC. 950 PENINSULA CORPORATE CIRCLE, STE 1006 BOCA RATON, FL 33487 |
X | Executive Chairman | ||
| /s/ Allison Zolot as Attorney-in- Fact for Steven Price | 04/08/2024 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The Options to Purchase Class A Common Stock reported in Table II were expiring shortly, and were exercised for cash as a "deemed" issuance of shares by the Issuer, followed by an immediate "deemed" reacquisition of such shares by the Issuer for fair market value. No Common Stock was actually issued in connection with this exercise. |
| (2) | Includes 631,272 shares of Class B common stock that are not subject to vesting or transfer restrictions and 265,843 options to purchase Class B common stock that are fully vested and not subject to transfer restrictions. |
| (3) | Includes 110,737 shares of Class A common stock that are not subject to vesting or transfer restrictions and 250,000 options to purchase Class A common stock that are fully vested and not subject to transfer restrictions. |
| (4) | All of the shares subject to this option are fully vested and exercisable as of the date hereof. |
| (5) | Column 8 has been intentionally left blank because the transaction was an exercise of a derivative security. |