URBAN ONE, INC. — Director's Dealing 2020

May 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URBAN ONE, INC. (UONE)
CIK: 0001041657
Period of Report: 2020-05-08

Reporting Person: Brigade Leveraged Capital Structures Fund Ltd. (10% Owner)
Reporting Person: BRIGADE CAPITAL MANAGEMENT, LP (10% Owner)
Reporting Person: MORGAN DONALD E III (10% Owner)
Reporting Person: Brigade Capital Management GP, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-08	Class D Common Stock, $.001 par value	S	800	$0.793	Disposed	3942421	Direct
2020-05-11	Class D Common Stock, $.001 par value	S	4260	$0.809	Disposed	3938161	Direct

Footnotes

F1: The reported securities are directly owned by Brigade Leveraged Capital Structures Fund Ltd. (LCS) and may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of LCS, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.