ELLIS JUDITH A 4
4 · CITADEL BROADCASTING CORP · Filed Nov 17, 2009
Insider Transaction Report
Form 4
ELLIS JUDITH A
Chief Operating Officer
Transactions
- Other
Common Stock
2009-11-13−41,667→ 290,868 total
Footnotes (3)
- [F1]Ms. Ellis has elected to voluntarily forfeit the first one-third tranche of 125,000 performance based shares that were to vest in three portions annually, on the anniversary date of the grant, with the 41,667 shares vesting as of June 27, 2009.
- [F2]Forfeited shares.
- [F3]Includes (1) approximately 1,637 shares of Common Stock held in the Citadel Broadcasting Company 401(k) Retirement Savings Plan, as of November 17, 2009, (2) 33,333 shares of performance based restricted shares that will vest on March 22, 2010, subject to the satisfaction of certain performance objectives and in each case subject to Ms. Ellis' continuous service with the Company through the applicable vesting date and (3) 83,333 performance based shares that vest in two portions annually, on the anniversary date of the grant, with the first half vesting as of June 27, 2010, subject to the satisfaction of certain performance objectives as well as Ms. Ellis' continuous service with the Citadel Broadcasting Corporation (the "Company") through the applicable vesting date.