URBAN ONE, INC. — Director's Dealing 2004

Aug 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIO ONE INC (ROIA/ROIAK)
CIK: 0001041657
Period of Report: 2004-08-10

Reporting Person: LIGGINS ALFRED C (Director, President and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-10	Employee Stock Option (right to buy)	$14.80	A	1500000	Acquired	2014-08-10	Class D Common Stock (1500000)	Direct

Footnotes

F1: Subject to a vesting schedule.