URBAN ONE, INC. — Director's Dealing 2008

Jun 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIO ONE INC (ROIA/ROIAK)
CIK: 0001041657
Period of Report: 2008-06-05

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-05	Stock Option (right to buy)	$1.41	A	1150000	Acquired	2018-05-28	Class D Common Shares (1150000)	Direct
2008-06-05	Stock (restricted stock)	$1.41	A	300000	Acquired	2018-05-28	Class D Common Shares (300000)	Direct

Footnotes

F1: These options and restricted shares will vest in three equal annual installments (33 1/3 percent installments) on the anniversary of the grant dates: February 19, 2009, February 19, 2010, and February 19, 2011. Restricted stock grants to vest upon a change of control.