URBAN ONE, INC. — Director's Dealing 2003

Aug 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIO ONE INC (ROIA/ROIAK)
CIK: 0001041657
Period of Report: 2003-08-14

Reporting Person: VILARDO LINDA J (VP and Assistant Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-14	Class A Common Stock	M	10000	$7.78	Acquired	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-14	Employee Stock Option (right to buy)	$7.78	M	10000	Acquired	2009-05-05	Class A Common Stock (10000)	Direct

Footnotes

F1: The options vested in four installments beginning in May 1999 and are now fully vested.