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Townsquare Media, Inc. — Director's Dealing 2014
Jul 30, 2014
34077_dirs_2014-07-29_a5a00cfe-dcaf-4563-9611-646dbeb2e581.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Townsquare Media, Inc. (TSQ)
CIK: 0001499832
Period of Report: 2014-07-25
Reporting Person: Hellum Erik (EXECUTIVE VICE PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-07-25 | Class A Common Stock | J | 20516 | — | Acquired | 232232 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-07-25 | Class A Common Units | $0 | J | 19838.211 | Disposed | Class A Common Stock (5898) | Direct | |
| 2014-07-25 | Class A Common Warrants | $0.0001 | X | 7379.584 | Disposed | Class A Common Units (7379.584) | Direct | |
| 2014-07-25 | Class A Preferred Units | $0 | J | 19838.211 | Disposed | Class A Common Stock (5898) | Direct | |
| 2014-07-25 | Class A Preferred Warrants | $0.0001 | X | 7379.584 | Disposed | Class A Preferred Units (7379.584) | Direct | |
| 2014-07-25 | Class B Common Units | $0 | J | 325000 | Disposed | Class A Common Stock (14618) | Direct | |
| 2014-07-25 | Option to Purchase Class A Common Stock | $11.00 | A | 211716 | Acquired | 2024-07-25 | Class A Common Stock (211716) | Direct |
Footnotes
F1: In connection with the Issuer's initial public offering, on July 25, 2014 Townsquare Media, LLC (the "LLC") was converted (the "Conversion") into a Delaware corporation named Townsquare Media, Inc. (the "Corporation"). Prior to the Conversion, Mr. Hellum exercised his 7,379.584 warrants to purchase an equal number of shares of Class A Preferred Units and his 7,379.584 warrants to purchase an equal number of shares of Class A Common Units. The numbers disclosed for Class A Common Units and Class A Preferred Units include the shares purchased pursuant to the aforementioned exercise. The warrants were immediately exercisable and did not expire unless so elected by the board of directors of the issuer in certain circumstances.
F2: As part of the Conversion, the 19,838.211 Class A Preferred Units and 19,838.211 Class A Common Units owned by Mr. Hellum were together converted into 5,898 shares of Class A Common Stock in the Company, and the 325,000 Class B Common Units in the LLC owned by Mr. Hellum were converted into 14,618 shares of Class A Common Stock in the Company.
F3: Mr. Hellum's options to purchase Class A Common Stock were fully vested upon issuance, but remain subject to certain transfer restrictions.