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Filing Details

Accession Number:: 0001209191-10-026595
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-10 13:00:00
Reporting Period:: 2010-05-06

Filing Date:: 2010-05-10
Accepted Time:: 2010-05-10 19:30:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1174527	Citadel Broadcasting Corp	CTDBQ	Radio Broadcasting Stations (4832)	510405729

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1018325	Thodore Forstmann	C/O Forstmann Little &Amp; Co. 767 Fifth Avenue New York NY 10153		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-05-06	300,442	$0.15	74,653,146	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-06	487,721	$0.15	74,165,425	No	4	S	Indirect	See note
Common Stock	Disposition	2010-05-07	487,721	$0.15	73,677,704	No	4	S	Indirect	See note

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See note
No	4	S	Indirect	See note
No	4	S	Indirect	See note

Footnotes

Theodore J. Forstmann is a general partner of FLC XXXII Partnership, L.P., which is the general partner of Forstmann Little & Co. Equity Partnership - VI, L.P. ("Equity-VI") and Forstmann Little & Co. Equity Partnership - VII, L.P. ("Equity-VII"). Mr. Forstmann is also a general partner of FLC XXXIII Partnership, L.P., which is the general partner of Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VII, L.P. ("MBO-VII") and Forstmann Little & Co. Subordinated Debt and Equity Management Buyout Partnership - VIII, L.P. ("MBO-VIII").
On May 6-7, 2010, Equity-VI, Equity-VII, MBO-VII and MBO-VIII entered into agreements to sell 300,442 shares of common stock, 258,252 shares of common stock, 505,606 shares of common stock and 211,584 shares of common stock, respectively. Following such sales, Equity-VI will own 33,309,166 shares of common stock, Equity-VII will own 10,687,723 shares of common stock, MBO-VII will own 20,924,414 shares of common stock and MBO-VIII will own 8,756,401 shares of common stock.
Represents the weighted average price of multiple transactions with a range of prices between $0.1200 and $0.1650. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Represents the weighted average price of multiple transactions with a range of prices between $0.1250 and $0.1700. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
Represents the weighted average price of multiple transactions with a range of prices between $0.1380 and $0.1517. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.