0001209191-17-044168.txt : 20170706
0001209191-17-044168.hdr.sgml : 20170706
20170706172932
ACCESSION NUMBER: 0001209191-17-044168
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170630
FILED AS OF DATE: 20170706
DATE AS OF CHANGE: 20170706
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CUMULUS MEDIA INC
CENTRAL INDEX KEY: 0001058623
STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832]
IRS NUMBER: 364159663
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3280 PEACHTREE ROAD N.W.
STREET 2: SUITE 2300
CITY: ATLANTA
STATE: GA
ZIP: 30305
BUSINESS PHONE: 4049490700
MAIL ADDRESS:
STREET 1: 3280 PEACHTREE ROAD N.W.
STREET 2: SUITE 2300
CITY: ATLANTA
STATE: GA
ZIP: 30305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Denning Richard
CENTRAL INDEX KEY: 0001514381
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38108
FILM NUMBER: 17953293
MAIL ADDRESS:
STREET 1: 3280 PEACHTREE ROAD NW SUITE 2300
CITY: ATLANTA
STATE: GA
ZIP: 30305
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-06-30
0
0001058623
CUMULUS MEDIA INC
CMLS
0001514381
Denning Richard
C/O CUMULUS MEDIA INC.
3280 PEACHTREE ROAD, NW SUITE 2300
ATLANTA
GA
30305
0
1
0
0
SVP Secretary General Counsel
Employee Stock Option
38.03
2017-06-30
4
D
0
154118
3.11
D
2023-10-30
Class A Stock, $.01 par value
154118
0
D
Previously reported exercise prices and number of stock options have been proportionally adjusted to give effect to the Cumulus Media Inc. (the "Company") October 12, 2016 one-for-eight (1:8) reverse stock split.
43,150 of the options were exercisable at a price of $47.36 per share, 107,875 were exercisable at a price of $34.72 per share and 1,031 of such options were exercisable at each of $20.32, $23.36 and $26.40 per share, respectively
145,488 options were vested and exercisable. The remaining 8,630 options would have vested and become exercisable on 10/30/2017.
As previously disclosed by the Company, on May 18, 2017, the Board of Directors of the Company approved and adopted a supplemental incentive plan for 2017 (the "SIP") for key members of senior management. In order to be eligible participants had to agree to the cancellation of all of their outstanding equity awards. The price is derived from the previously disclosed target bonus amount as stipulated in the SIP, divided by the number of options canceled.
/s/ Richard S. Denning
2017-07-06