Home > Insider Trading > Filing (0000950103-15-003953)

Filing Details

Accession Number:: 0000950103-15-003953
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-05-15 17:08:57
Reporting Period:: 2015-05-13

Filing Date:: 2015-05-15
Accepted Time:: 2015-05-15 17:08:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1058623	Cumulus Media Inc	CMLS	Radio Broadcasting Stations (4832)	364159663

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1158783	Jeffrey Marcus	C/O Crestview Advisors, L.l.c. 667 Madison Avenue, 10Th Floor New York NY 10065		Yes	No	No	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
Class A Common Stock, Par Value $0.01 Per Share	Acquisiton	2015-05-13	0	$0.00	0	No	4	P	Indirect	See Footnote
Class A Common Stock, Par Value $0.01 Per Share	Acquisiton	2015-05-14	40,486	$0.00	56,038	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	A	Direct

Footnotes

On May 13, 2015, Crestview Radio Investors, LLC purchased 400,000 shares of Class A Common Stock ("Common Stock"), at a price per share of $2.3959. After such purchase, Crestview Radio Investors, LLC directly beneficially owns 61,842,484 shares of Common Stock and 7,815,553 warrants. Each of Crestview Partners II, L.P., Crestview Partners II (TE), L.P., Crestview Partners II (FF), L.P., Crestview Offshore Holdings II (Cayman), L.P., Crestview Offshore Holdings II (FF Cayman), L.P., Crestview Offshore Holdings II (892 Cayman), L.P. and Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the 61,842,484 shares of Common Stock and 7,815,553 warrants directly owned by Crestview Radio Investors, LLC.
Crestview Partners II GP, L.P. is the general partner of Crestview Partners II, L.P., Crestview Partners II (FF), L.P., Crestview Partners II (TE), L.P., Crestview Offshore Holdings II (Cayman), L.P., Crestview Offshore Holdings II (FF Cayman), L.P. and Crestview Offshore Holdings II (892 Cayman), L.P., each of which is a member of Crestview Radio Investors, LLC. The reporting person is a partner of Crestview, L.L.C. (which is the general partner of Crestview Partners II GP, L.P.) and a partner of Crestview Advisors, L.L.C., which provides investment advisory and management services to certain of the foregoing entities. Crestview Advisors, L.L.C. is the direct beneficial owner of 55,044 shares of Common Stock, which, as previously reported, were transferred by the reporting person to Crestview Advisors, L.L.C. in connection with the vesting of such shares.
The reporting person disclaims beneficial ownership of the securities beneficially owned by Crestview Radio Investors, LLC and Crestview Advisors, L.L.C. except to the extent of his pecuniary interest therein.
The reported securities will fully vest on May 14, 2016, the first anniversary of the date of grant. The reporting person is a member of the board of directors of the issuer and is a partner of Crestview Advisors, L.L.C., which provides investment advisory services to Crestview Radio Investors, LLC. The reporting person has agreed that, in connection with the vesting of the securities, the reporting person will assign all rights, title and interest in the securities to Crestview Advisors, L.L.C. The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
This amount includes 15,552 restricted shares of Common Stock, which will fully vest on May 22, 2015, the first anniversary of the date of grant. As previously reported, the reporting person has agreed that, in connection with the vesting of the securities, the reporting person will assign all rights, title and interest in the securities to Crestview Advisors, L.L.C. The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.