D. Geoffrey Armstrong - 18 May 2021 Form 4 Insider Report for URBAN ONE, INC. (UONE)

Role
Director
Signature
Karen Wishart
Issuer symbol
UONE
Transactions as of
18 May 2021
Net transactions value
-$126,720
Form type
4
Filing time
20 May 2021, 16:58:12 UTC
Previous filing
19 May 2021
Next filing
21 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UONE Class D Common Stock Options Exercise -21,929 -8.2% 245,150 18 May 2021 Direct F1
transaction UONE Class D Common Stock Sale $126,720 -35,298 -14% $3.59 209,852 18 May 2021 Direct F2, F3

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
transaction UONE Restricted Stock Unit Options Exercise $0 -21,929 -100% $0.000000* 0 18 May 2021 Class D common stock 21,929 $0.000000 Direct F4, F5
transaction UONE Stock Option to purchase Class D Common Stock Award $0 -13,369 -50% $0.000000 13,369 18 May 2021 Class D common stock 13,369 $1.87 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of a grant of restricted stock units pursuant to our director compensation policy; our non-employee directors each receive $50,000 of restricted stock units which vest over a two-year period. The number of shares was determined by dividing the closing price of our Class D common stock on the date of the applicable annual meeting into $50,000.
F2 The total represents all shares held by the reporting person across all classes of Urban One, Inc. stock, Classes A, B, C, and D. The reporting person beneficially owns a total of 209,852 shares of Urban One, Inc. common stock as follows: (1) 10,000 shares of Class A common stock; and (2) 199,852 shares of Class D common stock.
F3 This total includes options to purchase 53,055 shares of Class D common stock held by Mr. Armstrong. Mr. Armstrong holds options for 22.935 Class D shares with an exercise price of $1.09 per share, and options for 30,120 Class D shares with an exercise price of $0.83 per share.
F4 Represents a grant of restricted stock units under the company's board compensation plan. On June 14, 2013, Mr. Armstrong was granted 21,929 shares of restricted Class D common stock in accordance with our board compensation policy. The number of shares was determined by dividing $2.28, the closing price of our Class D common stock on June 14, 2013 into $50,000 and vested in equal parts over a two year period.
F5 Not applicable