URBAN ONE, INC. — Director's Dealing 2020

Jun 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URBAN ONE, INC. (UONE/UONEK)
CIK: 0001041657
Period of Report: 2020-06-16

Reporting Person: ARMSTRONG D GEOFFREY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-16	Class D Common Stock	A	11628	—	Acquired	307650	Direct
2020-06-17	Class D Common Stock	A	12500	—	Acquired	320150	Direct
2020-06-17	Class D Common Stock	S	75000	$2.73	Disposed	245150	Direct

Footnotes

F1: Represents vesting of a grant of restricted stock units pursuant to our director compensation policy, our non-employee directors each receive $50,000 of restricted stock units which vest over a two-year period. The number of shares was determined by dividing the closing price of our Class D common stock on the date of the applicable annual meeting into $50,000.

F2: The total represents all shares held by the reporting person across all classes of Urban One, Inc. stock, Classes A, B, C, and D. The reporting person beneficially owns a total of 245, 150 shares of Urban One, Inc. common stock as follows: (1) 10,000 shares of Class A common stock; and (2) 235,150 shares of Class D common stock.

F3: This total does not include options to purchase 66,424 shares of Class D common stock held by Mr. Armstrong. Mr. Armstrong holds options for 22,935 Class D shares with an exercise price of $1.09 per share, options for 13,369 Class D shares with an exercise price of $1.87 per share, and options for 30,120 Class D shares with an exercise price of $0.83 per share.

F4: Transactions previously reported on our Form 8-K filed June 17, 2020.