Little Grant F III 4
4 · WESTWOOD ONE INC /DE/ · Filed Mar 16, 2009
Insider Transaction Report
Form 4
Little Grant F III
Director
Transactions
- Award
Common Stock
2009-03-14+142→ 202,249 total - Exercise/Conversion
Restricted Stock Units
2009-03-14+4,382→ 0 total→ Common stock (4,382 underlying) - Exercise/Conversion
Common Stock
2009-03-14+4,382→ 202,107 total
Footnotes (2)
- [F1]Acquired in connection with the settlement of Restricted Stock Units upon which dividend equivalents accrued prior to vesting.
- [F2]Grant of restricted stock units on March 14, 2006 that vested in equal one-third increments on March 14, 2007, 2008 and 2009. Accordingly on each of March 14, 2007, 2008 and 2009, the 4,382 shares that vested on such date were settled by delivery of a corresponding number of shares of the Issuer's common stock. The restricted stock units convert on a "1 for 1" basis. One share of stock is distributed with respect to each vested restricted stock unit as soon as practicable following the earlier of the vesting date or the Reporting Person's "Termination" (as such term is defined in the Westwood One, Inc. 2005 Equity Compensation Plan).