1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option (right to buy)
|
12/28/2005 |
12/28/2006 |
Common Stock
|
86,773
(1)
|
$
4.3478
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
12/30/2004 |
06/28/2006 |
Common Stock
|
781
(1)
|
$
4.4016
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
12/30/2004 |
06/28/2006 |
Common Stock
|
781
(1)
|
$
4.716
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
12/30/2004 |
05/29/2006(2)
|
Common Stock
|
1,562
(1)
|
$
9.7986
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
12/28/2005 |
12/28/2006 |
Common Stock
|
6,000
(1)
|
$
13.18
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
12/28/2005 |
12/28/2006 |
Common Stock
|
6,000
(1)
|
$
24.21
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) |
On January 13, 2006, the Nassau County Surrogate's Court issued Letters Testamentary appointing Linda Stern, Howard S. Stern's wife, the executor of the Estate of Howard S. Stern under the last will and testament of Howard Stern (the "H. Stern Will"). Under the H. Stern Will, Mrs. Stern is a discretionary beneficiary of a "credit shelter" trust, the sole lifetime beneficiary of a "QTIP" trust, which is the beneficiary of one-half of Mr. Stern's residuary estate, and the direct outright beneficiary of the other half of the residuary estate. |
(2) |
Options for 50% of the shares expire on 5/29/06 and 6/28/06, respectively. |