SEC Form 4 · accession 0001067837-18-000021
ENTERCOM COMMUNICATIONS CORP · ETM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Field
Officer — Chairman, President and CEO · Director
Period of report
Apr 22, 2018
Accepted (ET)
Apr 24, 2018 · 4:31 pm EDT
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 $.01 per shareF1,F2 | Apr 22, 2018 | F | 47,791 | $10.05 | D | 1,670,170 | D | |
| Class A Common Stock, par value $.01 per shareF3 | holding | — | — | — | 1,360,448 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were retained by the Issuer in order to satisfy the tax obligations of the reporting person in connection with the vesting of shares of restricted stock.
- F2The amount reflects the forfeiture of 100,000 restricted stock units on February 19, 2018. The acquisition of these restricted stock units, which were subject to market based vesting, was eligible to be reported on Table II of Form 4 as a derivative security, however, the Reporting Person elected to report the acquisition on Table I of a Form 4 that was filed on February 20, 2015. Per Rule 16a-4(d), the forfeiture of such restricted stock units is not reportable.
- F3These shares are indirectly beneficially owned by the Reporting Person as follows: (i) 438,876 shares held by a trust for the benefit of the Reporting Person for which the Reporting Person is a co-trustee; (ii) 423,286 shares held by a trust for the benefit of the issue of the sister of the Reporting Person for which the Reporting Person is a co-trustee; and (iii) 498,286 shares held by a trust for the benefit of the issue of the Reporting Person for which the Reporting Person is a co-trustee.