SEC Form 4 · accession 0001209191-15-050754
iHeartMedia, Inc. · IHRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Pittman
Officer — Chief Executive Officer · Director
Period of report
Jun 4, 2015
Accepted (ET)
Jun 5, 2015 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001400891
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF3 | Jun 4, 2015 | P | 1,075 | $7.50 | A | 989,064 | D | |
| Class A Common StockF2,F3 | Jun 5, 2015 | P | 1,000 | $7.13 | A | 990,064 | D | |
| Class A Common StockF4 | holding | — | — | — | 706,215 | I | By Pittman CC, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported transaction was made pursuant to a Rule 10b5-1 plan adopted on May 4, 2015.
- F2Reflects the purchase of 1,000 shares of Class A Common Stock at the weighted average purchase price of $7.13. The prices for these shares range from $7.10 to $7.14.
- F3Includes 550,000 restricted shares of Class A Common Stock, of which 100,000 vest in equal installments on October 15, 2016 and October 15, 2017, 100,000 vest in equal installments on December 31, 2017 and December 31, 2018, and 350,000 are subject to performance vesting (none of which have vested as of the date of this report).
- F4The 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.