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Filing Details

Accession Number:: 0001209191-10-025549
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-05 13:00:00
Reporting Period:: 2010-05-03

Filing Date:: 2010-05-05
Accepted Time:: 2010-05-05 18:56:18
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
1256148	Flc Xxxii Partnership Lp	C/O Forstmann Little &Amp; Co. 767 Fifth Avenue New York NY 10153		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-05-03	340,000	$0.29	45,209,488	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-04	360,000	$0.21	44,849,488	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-04	118,905	$0.23	44,730,583	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-05	175,000	$0.18	44,555,583	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
No	4	S	Indirect	See note

Footnotes

FLC XXXII Partnership, L.P. 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"). On May 3-5, 2010, Equity-VI and Equity-VII entered into agreements to sell 875,000 shares of common stock and 118,905 shares of common stock, respectively. Following such sales, Equity-VI will own 33,609,608 shares of common stock and Equity-VII will own 10,945,975 shares of common stock.
Represents the weighted average price of multiple transactions with a range of prices between $0.2121 and $0.4145. 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.
Represents the weighted average price of multiple transactions with a range of prices between $0.1970 and $0.2300. 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.
Represents the weighted average price of multiple transactions with a range of prices between $0.2000 and $0.2410. 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.
Represents the weighted average price of multiple transactions with a range of prices between $0.1750 and $0.2000. 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.