Home > Insider Trading > Filing (0000899243-21-009444)

Filing Details

Accession Number:: 0000899243-21-009444
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-03 17:32:22
Reporting Period:: 2019-05-01

Accepted Time:: 2021-03-03 17:32:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1400891	Iheartmedia Inc.	IHRT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1128482	W Robert Pittman	20880 Stone Oak Parkway San Antonio TX 78258	Ceo And Director	Yes	Yes	No	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
Class A Common Stock, Par Value $0.001 Per Share	Acquisiton	2019-05-01	21,732	$0.00	21,732	No	4	A	Indirect	By Pittman CC, LLC
Class A Common Stock, Par Value $0.001 Per Share	Acquisiton	2021-03-02	13,115	$15.31	571,496	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	By Pittman CC, LLC
No	4	P	Direct

Footnotes

On March 14, 2018, iHeartMedia, Inc. (the "Issuer") and certain of its direct and indirect domestic subsidiaries (collectively, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On January 22, 2019, the Bankruptcy Court entered an order confirming the Debtors' Modified Fifth Amended Joint Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the "Plan"), and on May 1, 2019 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
(Continued from footnote 1) On the Effective Date, 706,215 shares of the Issuer's former Class A common stock owned by Pittman CC, LLC, a limited liability company controlled by theReporting Person, were cancelled and extinguished, as disclosed on the Reporting Person's Form 4 filed on May 3, 2019, and 21,732 new shares of the Issuer's current ClassA common stock, par value $0.001 per share were issued to Pitman CC, LLC on the Effective Date pursuant to the Plan. The receipt of the Class A common stock by Pitman CC, LLC was involuntary, without additional consideration and in accordance with the Plan approved by the Bankruptcy Court.
The reported item represents shares of Class A Common Stock beneficially owned by Pittman CC, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.