SC 13D/A 1 a08-29927_2sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No.   2)*

 

Entercom Communications Corp.

(Name of Issuer)

 

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

293639100

(CUSIP Number)

 

Joseph M. Field

c/o Entercom Communications Corp.

401 City Avenue, Suite 809

Bala Cynwyd, PA 19004

(610) 660-5610

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 4, 2008

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

CUSIP No.   293639100

 

 

1.

Names of Reporting Persons
Joseph M. Field

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
PF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
7,425,387

 

8.

Shared Voting Power
1,525,636

 

9.

Sole Dispositive Power
7,425,387

 

10.

Shared Dispositive Power
1,525,636

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,951,023

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
20.46%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

2


 

CUSIP No.   293639100

 

Item 1.

Security and Issuer

 

 

 

 

Item 2.

Identity and Background

 

 

 

 

Item 3.

Source and Amount of Funds or Other Consideration

From November 12, 2008 through December 4, 2008, Joseph M. Field acquired 214,815 shares in open market transactions using his personal funds.  (See Item 5(c) for disclosure regarding shares recently purchased in the open market).

 

 

Item 4.

Purpose of Transaction

 

 

 

 

Item 5.

Interest in Securities of the Issuer

 

(a)           Amount Beneficially Owned:

 

8,951,023

 

 

Joseph M. Field beneficially owns 8,951,023 shares which includes: (i) 1,007,972 shares of Class A common stock for which Joseph M. Field is the record holder; (ii) 6,228,282 shares of Class A common stock which may be acquired upon conversion of shares of Class B common stock for which Joseph M. Field is the record holder; (iii) 330,000 shares of Class A common stock which may be acquired upon conversion of shares of Class B common stock beneficially owned by the spouse of Joseph M. Field; (iv) 155,555 shares of Class A common stock which may be acquired through the exercise of options; (v) 33,578 shares of Class A common stock held of record by Joseph M. Field as trustee of a trust; (vi) 318,462 shares of Class A common stock held of record by the spouse of Joseph M. Field as co-trustee of various trusts; (vii) 777,174 shares of Class A common stock beneficially owned by Joseph M. Field as a director and officer of the Joseph and Marie Field Foundation; and (viii) 100,000 shares of Class A common stock beneficially owned by the spouse of Joseph M. Field as the sole member of a limited liability company.

 

As previously reported, Joseph M. Field and David J. Field may be deemed to have formed a “group” for pursuant to Section 13(d) of the Exchange Act.  For Section 13(d) purposes, this “group” is deemed to beneficially own an aggregate of 11,991,272 shares which represents a beneficial ownership interest in the Issuer of 32.06%.

 

(b)           Number of shares as to which such person has:

 

(i)

 

sole power to vote or to direct the vote:

 

8,951,023

 

(ii)

 

shared power to vote or to direct the vote:

 

1,525,636

 

(iii)

 

sole power to dispose or to direct the disposition of:

 

8,951,023

 

(iv)

 

shared power to dispose or to direct the disposition of:

 

1,525,636

 

 

(c)           Since filing a Schedule 13D/A (2nd Amendment) on November 12, 2008, Joseph M. Field has acquired an aggregate of 214,851 shares of the Issuer’s Class A Common Stock through broker Merrill Lynch, Pierce, Fenner & Smith Incorporated as follows:

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

11/12/2008

 

7,750

 

$0.7000

 

 

3


 

CUSIP No.   293639100

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

11/12/2008

 

1,500

 

$

0.6900

 

11/12/2008

 

1,700

 

$

0.6800

 

11/13/2008

 

5,287

 

$

0.8000

 

11/13/2008

 

141

 

$

0.7800

 

11/13/2008

 

2,822

 

$

0.7700

 

11/13/2008

 

1,200

 

$

0.7600

 

11/13/2008

 

475

 

$

0.7500

 

11/14/2008

 

5,021

 

$

0.8000

 

11/14/2008

 

2,354

 

$

0.7900

 

11/14/2008

 

4,000

 

$

0.7700

 

11/14/2008

 

850

 

$

0.7600

 

11/14/2008

 

601

 

$

0.7500

 

11/17/2008

 

2,500

 

$

0.8000

 

11/17/2008

 

575

 

$

0.7800

 

11/17/2008

 

10,925

 

$

0.7700

 

11/17/2008

 

300

 

$

0.7600

 

11/17/2008

 

100

 

$

0.7500

 

11/18/2008

 

1,950

 

$

0.7700

 

11/18/2008

 

13,200

 

$

0.7600

 

11/18/2008

 

2,200

 

$

0.7500

 

11/18/2008

 

1,050

 

$

0.7400

 

11/19/2008

 

9,250

 

$

0.8000

 

11/19/2008

 

1,750

 

$

0.7900

 

11/19/2008

 

9,575

 

$

0.7800

 

11/19/2008

 

2,500

 

$

0.7700

 

11/19/2008

 

2,500

 

$

0.7600

 

11/19/2008

 

2,750

 

$

0.7500

 

11/19/2008

 

2,500

 

$

0.7400

 

11/19/2008

 

2,500

 

$

0.7200

 

11/20/2008

 

5,500

 

$

0.8000

 

11/20/2008

 

2,650

 

$

0.7900

 

11/20/2008

 

2,225

 

$

0.7800

 

11/20/2008

 

25

 

$

0.7600

 

11/21/2008

 

14,425

 

$

0.7900

 

11/21/2008

 

4,650

 

$

0.7800

 

11/21/2008

 

2,000

 

$

0.7700

 

11/24/2008

 

2,500

 

$

0.8000

 

11/24/2008

 

5,225

 

$

0.7900

 

11/24/2008

 

5,100

 

$

0.7800

 

11/24/2008

 

4,925

 

$

0.7700

 

11/24/2008

 

4,075

 

$

0.7600

 

11/24/2008

 

2,000

 

$

0.7500

 

 

4


 

CUSIP No.   293639100

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

11/25/2008

 

775

 

$

0.8300

 

11/25/2008

 

2,500

 

$

0.8200

 

11/25/2008

 

1,300

 

$

0.8100

 

11/25/2008

 

2,050

 

$

0.8000

 

11/25/2008

 

25

 

$

0.7900

 

11/26/2008

 

600

 

$

0.9500

 

11/26/2008

 

1,175

 

$

0.8400

 

11/26/2008

 

125

 

$

0.8300

 

11/28/2008

 

6,900

 

$

1.0500

 

11/28/2008

 

325

 

$

1.0000

 

12/1/2008

 

425

 

$

1.0100

 

12/1/2008

 

7,500

 

$

1.0000

 

12/1/2008

 

4,825

 

$

0.9900

 

12/2/2008

 

14

 

$

1.0500

 

12/2/2008

 

1,511

 

$

1.0200

 

12/2/2008

 

4,500

 

$

1.0000

 

12/2/2008

 

5,700

 

$

0.9900

 

12/3/2008

 

9,325

 

$

1.0500

 

12/3/2008

 

2,525

 

$

1.0400

 

12/3/2008

 

4,075

 

$

1.0300

 

12/4/2008

 

1,675

 

$

1.1500

 

12/4/2008

 

1,875

 

$

1.1400

 

 

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

 

 

 

Item 7.

Material to be Filed as Exhibits

 

 

 

5


 

CUSIP No.   293639100

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

December 5, 2008

 

Date

 


/s/ Joseph M. Field

 

Signature

 


Joseph M. Field

 

Name/Title

 

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

6