Townsquare Media, Inc. — Director's Dealing 2014

Jul 24, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Townsquare Media, LLC (TSQ)
CIK: 0001499832
Period of Report: 2014-07-23

Reporting Person: MSD CAPITAL L P (10% Owner)
Reporting Person: DELL MICHAEL S (10% Owner)
Reporting Person: SOF INVESTMENTS LP (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Preferred Units	5503913	Indirect
Class A Common Units	5503913	Indirect

Footnotes

F1: The Issuer expects to complete an initial public offering on or about July 29, 2014 (the "IPO"), and in connection therewith, the Issuer is being converted (the "Conversion") into a Delaware corporation named Townsquare Media, Inc. (the "Corporation"). As part of the Conversion, the Reporting Persons' Class A Common Units and Class A Preferred Units will be converted into Class C common stock in the Corporation, at a conversion rate based on the price of the IPO and pursuant to the terms of the limited liability company agreement of the Issuer.

F2: This statement is jointly filed by and on behalf of each of MSD Capital, L.P. ("MSD Capital"), SOF Investments, L.P. ("SOF Investments"), SOF Investments, L.P. - Private V ("SOF Investments Private V") and Michael S. Dell. The securities reported herein are owned directly by SOF Investments, which owns 637,369 Class A Common Units and 637,369 Class A Preferred Units of the Issuer, and SOF Investments Private V, which owns 4,866,544 Class A Common Units and 4,866,544 Class A Preferred Units of the Issuer. MSD Capital is the general partner of SOF Investments and SOF Investments Private V and may be deemed to beneficially own securities owned by SOF Investments and SOF Investments Private V. MSD Capital Management LLC ("MSD Capital Management") is the general partner of MSD Capital and may be deemed to beneficially own securities owned by MSD Capital. [footnote cont'd]

F3: [continuation] Each of Glenn R. Fuhrman, John C. Phelan and Marc R. Lisker is a manager of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management. Michael S. Dell is the controlling member of MSD Capital Management and may be deemed to beneficially own securities owned by MSD Capital Management. Each of Messrs. Fuhrman, Phelan and Lisker disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.

F4: Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F5: Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.