Bill Wilson - Oct 7, 2022 Form 4 Insider Report for Townsquare Media, Inc. (TSQ)

Role
Chief Executive Officer, Director
Signature
/s/ Bill Wilson
Stock symbol
TSQ
Transactions as of
Oct 7, 2022
Transactions value $
$0
Form type
4
Date filed
10/12/2022, 09:02 PM
Previous filing
Oct 11, 2022
Next filing
Jan 19, 2023
SEC
View on sec.gov

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 TSQ Option to Purchase Class A Common Stock Award $0 +379K +28.5% $0.00 1.71M Oct 7, 2022 Class A Common Stock 379K $7.59 Direct F1
transaction TSQ Option to Purchase Class A Common Stock Award $0 +324K +18.96% $0.00 2.03M Oct 7, 2022 Class A Common Stock 324K $7.59 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's options in this row will vest and become exercisable subject to achievement of a specified volume weighted average trading price ("VWAP") over a period of 20 consecutive trading days, in each case subject to achievement of such VWAP during the period beginning on the Grant Date and ending on the fifth anniversary of the Grant Date, and the Reporting Person's continued service through each vesting date. Subject to the foregoing conditions, achievement of a VWAP of $9.59, $11.59, $13.59, $15.59 and $17.59, will result in the vesting of 76,923, 74,850, 74,627, 75,301 and 77,160 options, respectively.
F2 The Reporting Person's options in this row will vest and become exercisable as to 33.1/3% upon each of the first, second and third anniversaries of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date.