Home > Insider Trading > Filing (0001209191-10-025551)

Filing Details

Accession Number:: 0001209191-10-025551
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 18:57:30
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

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	75,937,703	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-04	360,000	$0.21	75,577,703	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-04	449,115	$0.23	75,128,588	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-05	175,000	$0.18	74,953,588	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

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").
On May 3-5, 2010, Equity-VI, Equity-VII, MBO-VII and MBO-VIII entered into agreements to sell 875,000 shares of common stock, 118,905 shares of common stock, 232,792 shares of common stock and 97,418 shares of common stock, respectively. Following such sales, Equity-VI will own 33,609,608 shares of common stock, Equity-VII will own 10,945,975 shares of common stock, MBO-VII will own 21,430,020 shares of common stock and MBO-VIII will own 8,967,985 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.
The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
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.