Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 |
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SCHEDULE 13G
(Rule 13d-102)
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Information to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c) and (d) and
Amendments Thereto Filed Pursuant to Rule 13d-2(b) (Amendment No. 1)* |
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Cumulus Media Inc.
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(Name of Issuer)
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Class A Common Stock, par value $0.0000001 per share
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(Title of Class of Securities)
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231082801
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(CUSIP Number)
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December 31, 2019
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(Date of Event which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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☐
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Rule 13d-1(b)
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☒
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Rule 13d-1(c)
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☐
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Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP NO.
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231082801
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13G
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1
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NAMES OF REPORTING PERSONS
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SP Signal Manager, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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1,792,000
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6
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SHARED VOTING POWER
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-0-
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7
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SOLE DISPOSITIVE POWER
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1,792,000
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8
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SHARED DISPOSITIVE POWER
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-0-
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,792,000
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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11.5%1
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA, PN
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Based on 15,561,739 shares of the Issuer’s Class A common stock outstanding as of November 5, 2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on November 12, 2019.
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CUSIP NO.
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231082801
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13G
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1
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NAMES OF REPORTING PERSONS
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SP Signal, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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-0-
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6
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SHARED VOTING POWER
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1,792,000
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7
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< div style="font-weight: bold;text-align: left">SOLE DISPOSITIVE POWER |
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-0-
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8
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SHARED DISPOSITIVE POWER
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1,792,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,792,000
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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11.5%1
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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CUSIP NO.
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231082801
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13G
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1
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NAMES OF REPORTING PERSONS
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Edward A. Mulé
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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-0-
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6
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SHARED VOTING POWER
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1,792,000
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7
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SOLE DISPOSITIVE POWER
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-0-
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8
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SHARED DISPOSITIVE POWER
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1,792,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,792,000
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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11.5%1
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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CUSIP NO.
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231082801
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13G
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Item 1(a)
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Name of Issuer:
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The name of the issuer is Cumulus Media Inc. (the "Company").
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(b)
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Address of Issuer's Principal Executive Offices:
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The Company's principal executive office is located at 3280 Peachtree Road, N.W., Suite 2200, Atlanta, GA 30305.
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Item 2(a)
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Name of Person Filing:
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This Amendment No. 1 to Schedule 13G (the “Amendment”) is being jointly filed by SP Signal Manager, LLC, a Delaware limited liability company ("SP Signal Manager"), SP Signal, LLC, a Delaware limited liability company ("SP Signal"), and
Mr. Edward A. Mulé with respect to the ownership of the Class A common stock of the Company by SP Signal.2 SP Signal Manager, SP Signal and Mr. Mulé are collectively referred to herein as the "Reporting
Persons."
The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2020, a copy of which is filed with this Amendment as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in
accordance with the provisions of Rule 13d-1(k)(1) under the Act.
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(b)
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Address of Principal Business Office or, if none, Residence:
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The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, CT 06830.
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(c)
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Citizenship:
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SP Signal Manager and SP Signal are each organized as a limited liability company under the laws of the State of Delaware. Mr. Mulé is a U.S. citizen.
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(d)
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Title of Class of Securities:
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Class A Common Stock, par value $0.0000001 per share
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(e)
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CUSIP No.:
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231082801
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Item 3
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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Not applicable.
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SP Signal Manager is the investment manager of SP Signal, and by reason of such status may be deemed to be the beneficial owner of all the reported securities held by SP Signal. Mr. Edward A. Mulé is the sole member of SP Signal Manager
and has voting and investment power with respect to the securities held by SP Signal and may be deemed to be a beneficial owner of the securities held by SP Signal.
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Item 4
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Ownership:
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A. SP Signal Manager, LLC
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(a)
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Amount beneficially owned: 1,792,000
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(b)
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Percent of class: 11.5%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or direct the vote: 1,792,000
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(ii)
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Shared power to vote or direct the vote: 0
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(iii)
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Sole power to dispose or direct the disposition: 1,792,000
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(iv)
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Shared power to dispose or direct the disposition: 0
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B. SP Signal, LLC
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(a)
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Amount beneficially owned: 1,792,000
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(b)
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Percent of class: 11.5%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or direct the vote: -0-
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(ii)
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Shared power to vote or direct the vote: 1,792,000
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(iii)
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Sole power to dispose or direct the disposition: -0-
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(iv)
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Shared power to dispose or direct the disposition: 1,792,000
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C. Edward A. Mulé
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(a)
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Amount beneficially owned: 1,792,000
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(b)
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Percent of class: 11.5%
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or direct the vote: -0-
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(ii)
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Shared power to vote or direct the vote: 1,792,000
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(iii)
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Sole power to dispose or direct the disposition: -0-
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(iv)
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Shared power to dispose or direct the disposition: 1,792,000
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Item 5
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Ownership of Five Percent or Less of a Class:
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If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
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Item 6
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Ownership of More Than Five Percent on Behalf of Another Person:
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See response to Item 4.
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Item 7
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
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Not applicable.
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Item 8
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Identification and Classification of Members of the Group:
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Not applicable.
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Item 9
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Notice of Dissolution of Group:
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Not applicable.
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Item 10
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Certification:
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By signing below I certify that, to the best of my knowle
dge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in
connection with a nomination under § 240.14a-11.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 to Schedule 13G is true, complete and correct.
Date: February 14, 2020
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SP Signal Manager, LLC
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By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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Its:
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Authorized Signatory
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SP Signal, LLC
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By:
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SP Signal Manager, LLC
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Its:
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Manager
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By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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Title:
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Authorized Signatory
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Edward A. Mulé
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< div style="text-align: left"> |
By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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EXHIBIT INDEX
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Exhibit
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Description of Exhibit
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Exhibit A
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Joint Filing Agreement dated February 14, 2020.
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Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of
them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such
information is inaccurate.
Date: February 14, 2020
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SP Signal Manager, LLC
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By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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Its:
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Authorized Signatory
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SP Signal, LLC
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By:
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SP Signal Manager, LLC
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Its:
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Manager
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By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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Title:
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Authorized Signatory
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Edward A. Mulé
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By:
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/s/ Edward A. Mulé
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Name:
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Edward A. Mulé
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