Jordan Fasbender - 31 Aug 2021 Form 3 Insider Report for iHeartMedia, Inc. (IHRT)

Role
Officer
Signature
/s/ Jordan Fasbender
Issuer symbol
IHRT
Transactions as of
31 Aug 2021
Net transactions value
$0
Form type
3
Filing time
03 Feb 2022, 17:00:24 UTC
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding IHRT Class A Common Stock, par value $0.001 per share 30,406 31 Aug 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding IHRT Employee Stock Option (right to buy) 31 Aug 2021 Class A Common Stock 15,000 $14.74 Direct F2
holding IHRT Employee Stock Option (right to buy) 31 Aug 2021 Class A Common Stock 16,500 $8.98 Direct F3
holding IHRT Employee Stock Option (right to buy) 31 Aug 2021 Class A Common Stock 10,000 $19.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 23,125 restricted stock units ("RSUs") that each represent a contingent right to receive one share of Class A Common Stock. 5,000 RSUs will vest in four equal installments on each of the first four anniversaries of February 17, 2021. 10,125 RSUs will vest in three equal installments on each of the next three anniversaries of August 14, 2021. 8,000 RSUs will vest in two equal installments on July 10, 2022 and July 10, 2023. All RSU awards are subject to the Reporting Person's continued employment with iHeartMedia, Inc. through each such vesting date.
F2 The option vests in four equal installments on each of the first four anniversaries of the grant date of February 17, 2021, subject to the Reporting Person's continued employment with iHeartMedia, Inc. through each such vesting date.
F3 The option vests, or has vested, in four equal installments on each of the first four anniversaries of the grant date of August 14, 2020, subject to the Reporting Person's continued employment with iHeartMedia, Inc. through each such vesting date.
F4 The option vested as to one fifth of the award on July 22, 2019 and the remainder has vested or or will vest in four equal installments on each of the first four anniversaries of the grant date of July 10, 2019, subject to the Reporting Person's continued employment with iHeartMedia, Inc. through each such vesting date.

Remarks:

Title: Executive Vice President, General Counsel and Secretary; Exhibit List: Exhibit 24 - Power of Attorney