SEC Form 4 · accession 0001067837-18-000022
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
May 1, 2018
Accepted (ET)
May 3, 2018 · 5:19 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 $0.01 per shareF1 | Apr 26, 2018 | G | 600,000 | $0.00 | D | 5,718,735 | D | |
| Class A Common Stock, par value $0.01 per shareF3 | May 1, 2018 | P | 50,000 | $9.9982 | A | 5,768,735 | D | |
| Class A Common Stock, par value $0.01 per share | May 2, 2018 | P | 40,500 | $10.00 | A | 5,809,235 | D | |
| Class A Common Stock, par value $0.01 per shareF4 | May 3, 2018 | P | 50,000 | $9.9501 | A | 5,859,235 | D | |
| Class A Common Stock, par value $0.01 per shareF5 | holding | — | — | — | 1,151,115 | I | By Spouse and by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 26, 2018, the Reporting Person gifted an aggregate of 600,000 shares of the Issuer's Class A common stock to six separate trusts established for the benefit of the grandchildren of the Reporting Person.
- F2The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 26, 2018.
- F3The purchase prices ranged from $9.975 to $10.00 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.
- F4The purchase prices ranged from $9.90 to $10.00 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.
- F5These 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.