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