FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
URBAN ONE, INC. [ UONE/UONEK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/16/2020 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class D Common Stock | 06/16/2020 | M | 11,628 | A | $0(1) | 886,365 | D | |||
Class D Common Stock | 06/17/2020 | M | 12,500 | A | $0(1) | 898,865 | D | |||
Class D Common Stock | 06/16/2020 | M | 13,369 | D | $1.87(2) | 912,234 | D | |||
Class D Common Stock | 06/16/2020 | M | 22,935 | D | $1.09(2) | 935,169 | D | |||
Class D Common Stock | 06/16/2020 | M | 30,120 | D | $0.83(2) | 965,289 | D | |||
Class D Common Stock | 06/16/2020 | S | 66,424 | D | $3.45(2) | 898,865 | D | |||
Class D Common Stock | 06/17/2020 | S | 69,821 | D | $4.02(2) | 829,044 | D | |||
Class D Common Stock | 06/18/2020 | S | 150,000 | D | $3.43(2) | 679,044 | D | |||
Class A Common Stock | 06/19/2020 | S | 26,434 | D | $38.53(2) | 652,610 | D | |||
Class D Common Stock | 06/23/2020 | S | 200,000 | D | $2.8 | 452,610 | D | |||
Class D Common Stock | 06/24/2020 | S | 47,335 | D | $3.186 | 405,275 | D | |||
Class D Common Stock | 06/24/2020 | S | 47,000 | D | $3.2 | 358,275(3) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option | $1.87 | 06/16/2020 | M | 13,369 | 01/05/2011 | 01/05/2021 | Class D Common Stock | 13,369 | $3.45 | 13,369 | D | ||||
Stock Option | $1.09 | 06/16/2020 | M | 22,935 | 06/06/2011 | 06/06/2021 | Class D Common Stock | 22,935 | $3.45 | 22,935 | D | ||||
Stock Option | $0.83 | 06/16/2020 | M | 30,120 | 09/05/2012 | 09/05/2022 | Class D Common Stock | 30,120 | $3.45 | 30,120 | D |
Explanation of Responses: |
1. 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. |
2. Transactions previously reported on our Form 8-K filed June 17, 2020. The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Urban One, Inc., any security holder of Urban One, Inc. 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 range set forth in this Form 4. |
3. 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 358,275 shares of Urban One, Inc. common stock as follows: (1) after the transaction reported hereunder Mr. McNeill owns no shares of Class A common stock; and (2) 358,275 shares of Class D common stock. This number does not include options. After the transactions hereunder, Mr. McNeill holds no further options. |
Karen Wishart, Attorney-In-Fact | 07/02/2020 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |