Filing Details

Accession Number:
0001209191-10-026595
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-05-10 13:00:00
Reporting Period:
2010-05-06
Filing Date:
2010-05-10
Accepted Time:
2010-05-10 19:30:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1174527 Citadel Broadcasting Corp CTDBQ Radio Broadcasting Stations (4832) 510405729
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1018325 Thodore Forstmann C/O Forstmann Little &Amp; Co.
767 Fifth Avenue
New York NY 10153
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-05-06 300,442 $0.15 74,653,146 No 4 S Indirect See note
Common Stock Disposition 2010-05-06 487,721 $0.15 74,165,425 No 4 S Indirect See note
Common Stock Disposition 2010-05-07 487,721 $0.15 73,677,704 No 4 S Indirect See note
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See note
No 4 S Indirect See note
No 4 S Indirect See note
Footnotes
  1. Theodore J. Forstmann is a general partner of FLC XXXII Partnership, L.P., which is the general partner of Forstmann Little & Co. Equity Partnership - VI, L.P. ("Equity-VI") and Forstmann Little & Co. Equity Partnership - VII, L.P. ("Equity-VII"). Mr. Forstmann is also a general partner of FLC XXXIII Partnership, L.P., which is the general partner of Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VII, L.P. ("MBO-VII") and Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VIII, L.P. ("MBO-VIII").
  2. On May 6-7, 2010, Equity-VI, Equity-VII, MBO-VII and MBO-VIII entered into agreements to sell 300,442 shares of common stock, 258,252 shares of common stock, 505,606 shares of common stock and 211,584 shares of common stock, respectively. Following such sales, Equity-VI will own 33,309,166 shares of common stock, Equity-VII will own 10,687,723 shares of common stock, MBO-VII will own 20,924,414 shares of common stock and MBO-VIII will own 8,756,401 shares of common stock.
  3. Represents the weighted average price of multiple transactions with a range of prices between $0.1200 and $0.1650. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
  4. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  5. Represents the weighted average price of multiple transactions with a range of prices between $0.1250 and $0.1700. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
  6. Represents the weighted average price of multiple transactions with a range of prices between $0.1380 and $0.1517. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.