0001209191-11-062743.txt : 20111222 0001209191-11-062743.hdr.sgml : 20111222 20111222102020 ACCESSION NUMBER: 0001209191-11-062743 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111220 FILED AS OF DATE: 20111222 DATE AS OF CHANGE: 20111222 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DIAL GLOBAL, INC. /DE/ CENTRAL INDEX KEY: 0000771950 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 953980449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 220 WEST 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-419-2900 MAIL ADDRESS: STREET 1: 220 WEST 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: WESTWOOD ONE INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WESTWOOD ONE DELAWARE INC /CA/ DATE OF NAME CHANGE: 19860408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BROWN SPENCER L CENTRAL INDEX KEY: 0001096642 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14691 FILM NUMBER: 111276144 MAIL ADDRESS: STREET 1: C/O DIAL GLOBAL, INC. STREET 2: 220 WEST 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 4 1 doc4.xml FORM 4 SUBMISSION X0304 4 2011-12-20 0 0000771950 DIAL GLOBAL, INC. /DE/ DIAL 0001096642 BROWN SPENCER L C/O DIAL GLOBAL, INC. 220 WEST 42ND STREET NEW YORK NY 10036 1 1 1 0 co-Chief Executive Officer Stock Option (right to buy) 3.27 2011-12-20 4 A 0 1637125 0.00 A 2011-12-20 2021-12-20 Class A Common stock 1637125 1637125 D Option to buy 1,637,125 shares of Class A common stock of Dial Global, Inc. at $3.27/share, representing the average of the Class A common stock opening and closing price on the date of grant. 2.5% vested and became exercisable immediately; 87.5% will vest in monthly installments of 2.5% beginning on December 21, 2011 through and including October 21, 2014; and (iii) 10% will become vested and exercisable in monthly installments of 0.833% commencing on November 21, 2014 through and including October 21, 2015; such that, upon October 21, 2015, the reporting person shall be fully vested in the option. This option was awarded under the Dial Global, Inc. 2011 Stock Option Plan (the "2011 Plan"), which was approved by the Company's Board and the Company's stockholders on December 19, 2011. This option and the 2011 Plan are not effective until 20 calendar days have elapsed from the mailing of the Information Statement on Schedule 14C to the Company's stockholders. Melissa Garza, as attorney-in-fact for Spencer Brown 2011-12-22