-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AK07HtyKDnAmx7u3zZMgWcOXdnv89DcYQFKbSe66CMDcuYFs3c4VJCzQMA6ETEac bTpzDzey2NO0WDMm4IRDeA== 0001104659-09-020330.txt : 20090326 0001104659-09-020330.hdr.sgml : 20090326 20090326150243 ACCESSION NUMBER: 0001104659-09-020330 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090326 DATE AS OF CHANGE: 20090326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIELD DAVID J CENTRAL INDEX KEY: 0001106858 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENTERCOM COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001067837 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 231701044 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55345 FILM NUMBER: 09706419 BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 610-660-5610 MAIL ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 SC 13D/A 1 a09-8698_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, DC 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)

 

David J. 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)

 

March 25, 2009

(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

 

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.

Name of Reporting Person
David J. 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
1,818,639

 

8.

Shared Voting Power
1,566,542

 

9.

Sole Dispositive Power
1,818,639

 

10.

Shared Dispositive Power
1,566,542

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,385,181

 

 

12.

Check Box If The Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  o

 

 

13.

Percent of Class Represented by Amount in Row 9
6.08%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

2


 

CUSIP No. 293639100

 

Item 3.

Source and Amount of Funds or Other Consideration.

From December 5, 2008 through March 3, 2009, David J. Field acquired 101,338 shares of Issuer Class A common stock 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.

David J. Field previously reported that he and Joseph M. Field may be deemed have formed a “group” for Section 13 purposes as a result of their coordination of purchases through a common broker (as required under Rule 10b-18) as well as agreeing on an allocation of daily Rule 10b-18 purchases.  As of March 4, 2009, the share purchase authorizations under a 10b5-1 plan previously established by David J. Field were satisfied.  David J. Field is not presently acquiring shares of the Issuer.  Accordingly, a group is no longer deemed to exist for Section 13 purposes.

 

David J. Field intends to review his investment in the Issuer on a continuing basis and, depending on various factors, including the Issuer’s business, affairs and financial position, other developments concerning the Issuer, the Issuer’s investment strategy, the price level of the Issuer’s Class A Common Stock, conditions in the securities markets and general economic and industry conditions, as well as other investment opportunities, may in the future take such actions with respect to his investment in the Issuer as he deems appropriate in light of the circumstances existing from time to time.

 

 

Item 5.

Interest in Securities of the Issuer.

 

(a)

 

Amount Beneficially Owned:

 

3,385,181

 

 

David J. Field beneficially owns 3,385,181 shares which includes: (i) 711,056 shares of Class A common stock for which David J. Field is the record holder; (ii) 749,250 shares of Class A common stock which may be acquired upon conversion of shares of Class B common stock for which David J. Field is the record holder; (iii) 358,333 shares of Class A common stock which may be acquired through the exercise of options; and (iv) 1,566,542 shares of Class A common stock held of record by David J. Field as co-trustee of four trusts.

 

(b)

 

Number of shares as to which such person has:

 

 

 

 

 

 

 

 

 

 

 

(i)

sole power to vote or to direct the vote:

 

1,818,639

 

 

 

(ii)

shared power to vote or to direct the vote:

 

1,566,542

 

 

 

(iii)

sole power to dispose or to direct the disposition of:

 

1,818,639

 

 

 

(iv)

shared power to dispose or to direct the disposition of:

 

1,566,542

 

 

 

 

 

 

 

(c)

 

Since January 25, 2009, David J. Field has acquired an aggregate of 85,898 shares of the Issuer’s Class A Common

Stock through broker Merrill Lynch, Pierce, Fenner & Smith Incorporated as follows:

 

3


 

CUSIP No. 293639100

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

1/26/2009

 

1,010

 

$

1.1500

 

1/26/2009

 

690

 

$

1.1400

 

1/26/2009

 

1,680

 

$

1.1300

 

1/26/2009

 

90

 

$

1.1200

 

1/26/2009

 

80

 

$

1.1100

 

1/26/2009

 

10

 

$

1.1000

 

1/26/2009

 

110

 

$

1.0900

 

1/26/2009

 

70

 

$

1.0800

 

1/26/2009

 

10

 

$

1.0700

 

1/27/2009

 

1,310

 

$

1.2000

 

1/27/2009

 

610

 

$

1.1900

 

1/27/2009

 

150

 

$

1.1800

 

1/27/2009

 

440

 

$

1.1700

 

1/27/2009

 

250

 

$

1.1600

 

1/27/2009

 

10

 

$

1.1500

 

1/29/2009

 

194

 

$

1.2000

 

1/29/2009

 

139

 

$

1.1900

 

1/29/2009

 

10

 

$

1.1850

 

1/29/2009

 

176

 

$

1.1800

 

1/30/2009

 

700

 

$

1.2000

 

1/30/2009

 

10

 

$

1.1950

 

1/30/2009

 

362

 

$

1.1900

 

1/30/2009

 

10

 

$

1.1850

 

1/30/2009

 

1,001

 

$

1.1800

 

1/30/2009

 

320

 

$

1.1700

 

1/30/2009

 

80

 

$

1.1500

 

2/2/2009

 

80

 

$

1.2000

 

2/2/2009

 

10

 

$

1.1900

 

2/2/2009

 

40

 

$

1.1800

 

2/2/2009

 

140

 

$

1.1700

 

2/17/2009

 

5,686

 

$

1.2000

 

2/17/2009

 

2,200

 

$

1.1900

 

2/17/2009

 

86

 

$

1.1800

 

2/18/2009

 

4,057

 

$

1.2000

 

2/18/2009

 

1,086

 

$

1.1950

 

2/18/2009

 

2,651

 

$

1.1900

 

2/18/2009

 

177

 

$

1.1800

 

2/19/2009

 

399

 

$

1.2000

 

2/19/2009

 

57

 

$

1.1925

 

 

4


 

CUSIP No. 293639100

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

2/19/2009

 

1,029

 

$

1.1900

 

2/19/2009

 

514

 

$

1.1800

 

2/19/2009

 

29

 

$

1.1725

 

2/19/2009

 

3,829

 

$

1.1700

 

2/19/2009

 

943

 

$

1.1600

 

2/20/2009

 

857

 

$

1.1400

 

2/20/2009

 

400

 

$

1.1300

 

2/20/2009

 

229

 

$

1.1200

 

2/20/2009

 

508

 

$

1.1100

 

2/20/2009

 

4,229

 

$

1.1000

 

2/20/2009

 

949

 

$

1.0900

 

2/20/2009

 

57

 

$

1.0825

 

2/20/2009

 

743

 

$

1.0800

 

2/23/2009

 

457

 

$

1.2000

 

2/23/2009

 

1,800

 

$

1.1900

 

2/23/2009

 

800

 

$

1.1800

 

2/23/2009

 

143

 

$

1.1700

 

2/23/2009

 

314

 

$

1.1600

 

2/23/2009

 

657

 

$

1.1550

 

2/23/2009

 

257

 

$

1.1500

 

2/23/2009

 

29

 

$

1.1450

 

2/23/2009

 

114

 

$

1.1400

 

2/23/2009

 

229

 

$

1.1300

 

2/23/2009

 

457

 

$

1.1250

 

2/23/2009

 

2,314

 

$

1.1200

 

2/23/2009

 

143

 

$

1.1100

 

2/24/2009

 

1,829

 

$

1.1600

 

2/24/2009

 

114

 

$

1.1575

 

2/24/2009

 

1,486

 

$

1.1500

 

2/24/2009

 

857

 

$

1.1400

 

2/24/2009

 

1,000

 

$

1.1300

 

2/24/2009

 

2,286

 

$

1.1200

 

2/24/2009

 

86

 

$

1.1000

 

2/24/2009

 

57

 

$

1.0900

 

2/25/2009

 

3,886

 

$

1.2000

 

2/25/2009

 

1,971

 

$

1.1900

 

2/25/2009

 

29

 

$

1.1800

 

2/26/2009

 

657

 

$

1.2000

 

2/26/2009

 

171

 

$

1.1900

 

2/26/2009

 

714

 

$

1.1850

 

 

5


 

CUSIP No. 293639100

 

Date of
Purchase

 

Number of
Shares
Purchased

 

Purchase
Price Per
Share

 

2/26/2009

 

1,057

 

$

1.1800

 

2/26/2009

 

114

 

$

1.1750

 

2/26/2009

 

143

 

$

1.1700

 

2/26/2009

 

486

 

$

1.1650

 

2/26/2009

 

29

 

$

1.1600

 

2/26/2009

 

1,914

 

$

1.1500

 

2/26/2009

 

2,429

 

$

1.1400

 

2/27/2009

 

1,250

 

$

1.1000

 

2/27/2009

 

286

 

$

1.0900

 

2/27/2009

 

285

 

$

1.0800

 

2/27/2009

 

829

 

$

1.0700

 

2/27/2009

 

1,914

 

$

1.0600

 

2/27/2009

 

2,893

 

$

1.0500

 

2/27/2009

 

257

 

$

1.0400

 

3/2/2009

 

427

 

$

1.0200

 

3/2/2009

 

3,001

 

$

1.0100

 

3/2/2009

 

1,343

 

$

1.0000

 

3/2/2009

 

1,486

 

$

0.9900

 

3/2/2009

 

314

 

$

0.9800

 

3/2/2009

 

943

 

$

0.9700

 

3/2/2009

 

571

 

$

0.9600

 

3/2/2009

 

29

 

$

0.9500

 

3/3/2009

 

126

 

$

1.0800

 

3/3/2009

 

39

 

$

1.0700

 

3/3/2009

 

20

 

$

1.0400

 

3/3/2009

 

2

 

$

1.0375

 

3/3/2009

 

173

 

$

1.0300

 

3/3/2009

 

42

 

$

1.0200

 

3/3/2009

 

6

 

$

1.0100

 

3/3/2009

 

28

 

$

1.0000

 

3/3/2009

 

9

 

$

0.9800

 

3/3/2009

 

24

 

$

0.9700

 

3/3/2009

 

34

 

$

0.9600

 

3/3/2009

 

8

 

$

0.9500

 

3/3/2009

 

23

 

$

0.9400

 

 

6


 

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.

 

 

March 26, 2009

 

Date

 


/s/ David J. Field

 

Signature

 


David J. Field

 

Name/Title

 

7

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