SEC Form 4 · accession 0001067837-17-000035
ENTERCOM COMMUNICATIONS CORP · ETM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Field
Officer — Chairman Emeritus · Director
Period of report
Nov 17, 2017
Accepted (ET)
Nov 21, 2017 · 6:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001067837
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | Nov 17, 2017 | C | 2,522,333 | — | A | 3,529,177 | D | |
| Class A Common Stock, par value $0.01 per shareF1,F4 | Nov 17, 2017 | C | 330,000 | — | A | 1,151,115 | I | By Spouse and by Trust |
| Class A Common Stock, par value $0.01 per shareF2 | Nov 20, 2017 | P | 100,000 | $11.7947 | A | 3,629,177 | D | |
| Class A Common Stock, par value $0.01 per shareF3 | Nov 21, 2017 | P | 80,282 | $11.6276 | A | 3,709,459 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, par value $.01 per shareF5,F1 | — | Nov 17, 2017 | C | 2,522,333 | D | — | — | Class A Common Stock | 2,522,333 | 3,295,949 | D |
| Class B Common Stock, par value $.01 per shareF5,F1 | — | Nov 17, 2017 | C | 330,000 | D | — | — | Class A Common Stock | 330,000 | 0 | I |
Explanation of responses
- F1Class B Common Stock converts to Class A Common Stock on a one for one basis.
- F2The purchase prices ranged from $11.70 to $11.85 per share. Full information regarding the number of shares purchased at each separate price will be provided upon request to the Reporting Person by the Commission staff, the issuer or a security holder of the issuer.
- F3The purchase prices ranged from $11.50 to $11.85 per share. Full information regarding the number of shares purchased at each separate price will be provided upon request to the Reporting Person by the Commission staff, the issuer or a security holder of the issuer.
- F4These shares are indirectly beneficially owned by the Reporting Person as follows: (i) 799,537 shares held by a trust for the benefit of the Reporting Person for which the Reporting Person is a trustee; (ii) 21,578 shares held by the Reporting Person as a trustee of a trust established for the benefit of the sister-in-law of the Reporting Person; and (iii) 330,000 shares held by the spouse of the Reporting Person.
- F5Not applicable