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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1230276	Pandora Media Inc.	P	Radio Broadcasting Stations (4832)	943352630

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1522487	D Jessica Steel	2101 Webster Street Suite 1650 Oakland CA 94612	Evp, Bus. & Corp. Development	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-01-23	7,300	$13.20	931,037	No	4	S	Indirect	By Trust
Common Stock	Disposition	2012-01-24	10,960	$12.86	920,077	No	4	S	Indirect	By Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	71,025	Indirect	By Trust
Common Stock	71,025	Indirect	By Trust

Footnotes

Sale of shares pursuant to a previously established Rule 10b5-1 plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.74to $13.71, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
Brian A.C. Steel and Jessica Dawn Steel, Trustees of the Steel Investment Trust u/a/d 12-08-06.
Brian A.C. Steel, Trustee of The Brian A.C. Steel 2011 Annuity Trust.
Jessica Dawn Steel, Trustee of The Jessica Dawn Steel 2011 Annuity Trust.