Alfred C. Liggins - Feb 6, 2023 Form 4/A - Amendment Insider Report for URBAN ONE, INC. (UONEK)

Role
CEO, Director, 10%+ Owner
Signature
Karen Wishart
Stock symbol
UONEK
Transactions as of
Feb 6, 2023
Transactions value $
$443,333
Form type
4/A - Amendment
Date filed
10/23/2023, 08:37 PM
Date Of Original Report
Feb 17, 2023
Previous filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UONEK Class D Common Stock Award $0 +276K +2.24% $0.00 12.6M Feb 6, 2023 Direct F1, F2
transaction UONEK Class D Common Stock Tax liability -$426K -82.7K -0.66% $5.15 12.5M Feb 6, 2023 Direct F3, F4

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 UONEK Stock Option (Class D) Award $869K +169K +7.65% $5.15 2.37M Feb 6, 2023 Class D Common Stock 169K $5.15 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4A is being filed is to adjust ownership totals due to a rounding error in the calculation methodology in relation to a February 2023 grant vesting. The Amendment increases Class D Common Stock ownership by 10,240 shares and option ownership by 6,251 options to purchase Class D shares.
F2 Award vested immediately upon pricing.
F3 Urban One, Inc. has four classes of stock, Classes A, B, C, and D. Across all classes the reporting persons owns Urban One, Inc. stock as follows: (1) 620,918 shares of Class A common stock (exclusive of Class A RSUs noted in footnote 4 below); (2) 2,010,307 shares of Class B common stock held by the Alfred C. Liggins Revocable Trust; (3) 920,456 shares of Class C common stock held by the Dynastic Trust U/A/D; (4) 3,713,487 shares of Class D common stock held by Alfred C. Liggins; (5) 3,896,734 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust; (continued in next footnote)
F4 (continued from previous footnote) (6) 3,012,237 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust U/A/D; (7) 1,519,128 shares of Class D common stock held by the Alfred C. Liggins Revocable Trust UA; (8) 338,808 shares of Class D common stock held by the Dynastic Trust U/A/D; and (9) 31,499 shares of Class D common stock held by the Hughes-Liggins Co., LLC.
F5 The reporting person also holds 468,750 Restricted Class A Stock Units in addition to the derivative securities reported in Table II.