AI assistant
Townsquare Media, Inc. — Director's Dealing 2014
Jul 24, 2014
34077_dirs_2014-07-23_13470f88-af95-4aad-80d0-93e69efca8c5.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Townsquare Media, LLC (TSQ)
CIK: 0001499832
Period of Report: 2014-07-23
Reporting Person: Hellum Erik (Executive Vice President)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Preferred Units | 12458.627 | Direct |
| Class A Common Units | 12458.627 | Direct |
| Class B Common Units | 325000.000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class A Preferred Warrants | $0.0001 | Class A Preferred Units (7379.584) | Direct | ||
| Class A Common Warrants | $0.0001 | Class A Common Units (7379.584) | Direct |
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 Person's Class A Preferred Units, Class A Common Units and Class B Common Units will be converted into Class A common stock in the Corporation, and the Reporting Person's Warrants to purchase Class A Preferred Units and the Reporting Person's Warrants to purchase the Class A Common Units will be converted into Warrants to purchase Class A common stock in the Corporation, each 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: Warrants are currently exercisable, and do not expire unless so elected by the board of directors of the issuer in certain circumstances.