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BEASLEY BROADCAST GROUP INC — Director's Dealing 2018
Feb 9, 2018
35229_dirs_2018-02-09_dbd243e6-c90c-4be5-9758-6bc6166ec0b4.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: BEASLEY BROADCAST GROUP INC (BBGI)
CIK: 0001099160
Period of Report: 2017-12-31
Reporting Person: Lee Bordes Revocable Trust (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-07-27 | Class A Common Stock | G | 2164811.726 | — | Disposed | 155062.551 | Direct |
| 2017-12-29 | Class A Common Stock | J | 155062.551 | $4.61 | Disposed | 0 | Direct |
Footnotes
F1: Gift.
F2: Shares released to Beasley Broadcast Group, Inc. (the "Issuer") from escrow, in connection with the Agreement and Plan of Merger dated July 19, 2016, by and among the Issuer, Greater Media, Inc. ("Greater Media"), Beasley Media Group 2, Inc., an indirect wholly owned subsidiary of the Issuer ("Merger Sub"), and Peter A. Bordes, Jr., as the stockholders' representative (the "Stockholders' Representative"), pursuant to which, on November 1, 2016 (the "Effective Time"), Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly owned subsidiary of the Issuer (the "Merger"), and pursuant to the Settlement Agreement (the "Settlement Agreement"), dated December 29, 2017, by and among the Issuer, Greater Media and the Stockholders' Representative, in full satisfaction of the Reporting Person's obligations with respect to (continued in next footnote)
F3: (i) certain purchase price and other adjustments under Section 1.7 of the Merger Agreement, and (ii) resolution of certain other claims between the Issuer and BFTW LLC.