SEC Form 4 · accession 0001067837-18-000023
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 8, 2018
Accepted (ET)
May 10, 2018 · 5:52 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 shareF2,F3 | May 8, 2018 | P | 52,562 | $9.6402 | A | 5,911,897 | D | |
| Class A Common Stock, par value $0.01 per shareF4 | May 9, 2018 | P | 150,000 | $8.0428 | A | 6,061,897 | D | |
| Class A Common Stock, par value $0.01 per shareF5 | May 10, 2018 | P | 100,000 | $7.6472 | A | 6,161,897 | D | |
| Class A Common Stock, par value $0.01 per shareF6 | holding | — | — | — | 1,151,115 | I | By Spouse and by Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purchases reported on May 8, 2018 only in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 26, 2018.
- F2The purchase prices ranged from $9.50 to $9.65 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.
- F3On April 16, 2018, the Reporting Person acquired 106,100 shares of Class A Common Stock of the Issuer, which was inadvertently reported as the acquisition of 106,000 shares due to a typo which had the effect of omitting 100 shares. The total Amount reported in box 5 of this report has been increased by 100 shares to reflect the correct total.
- F4The purchase prices ranged from $7.73 to $8.38 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.
- F5The purchase prices ranged from $7.60 to $7.65 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.
- F6These 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.