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iHeartMedia, Inc. — Director's Dealing 2021
Mar 3, 2021
33088_dirs_2021-03-03_dc45dffa-9f22-4da4-9feb-38fc078cb71a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: iHeartMedia, Inc. (IHRT)
CIK: 0001400891
Period of Report: 2019-05-01
Reporting Person: PITTMAN ROBERT W (Director, CEO and Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-01 | Class A Common Stock, par value $0.001 per share | A | 21732 | — | Acquired | 21732 | Indirect |
| 2021-03-02 | Class A Common Stock, par value $0.001 per share | P | 13115 | $15.309 | Acquired | 571496 | Direct |
Footnotes
F1: On March 14, 2018, iHeartMedia, Inc. (the "Issuer") and certain of its direct and indirect domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On January 22, 2019, the Bankruptcy Court entered an order confirming the Debtors' Modified Fifth Amended Joint Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on May 1, 2019 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
F2: (Continued from footnote 1) On the Effective Date, 706,215 shares of the Issuer's former Class A common stock owned by Pittman CC, LLC, a limited liability company controlled by the
Reporting Person, were cancelled and extinguished, as disclosed on the Reporting Person's Form 4 filed on May 3, 2019, and 21,732 new shares of the Issuer's current Class
A common stock, par value $0.001 per share were issued to Pitman CC, LLC on the Effective Date pursuant to the Plan. The receipt of the Class A common stock by Pitman CC, LLC was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
F3: The reported item represents shares of Class A Common Stock beneficially owned by Pittman CC, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.