X0202 4 2007-05-23 0 0001174527 CITADEL BROADCASTING CORP CDL 0001237987 SULEMAN FARID 7201 W. LAKE MEAD BLVD. SUITE 400 LAS VEGAS NV 89128 1 1 0 0 Chief Executive Officer Common Stock 2007-05-23 4 A 0 31775 8.47 A 5094246 D Common Stock 2007-05-23 4 F 0 13170 8.47 D 5081076 D Represents shares having an aggregate fair market value equal to approximately $269,136 as of the date of grant (May 23, 2007); where fair market value is determined by the closing price of stock on the New York Stock Exchange for the trading day immediately preceding the date of grant. The grant is the Company's payment of a "gross-up" for the tax differential between ordinary income and dividend income rates during the quarter ended March 31, 2007, as discussed in Item 5.02 of the Current Report on Form 8-K filed by Citadel Broadcasting Corporation on December 15, 2006. Settlement of withholding obligations, required by the Compensation Committee as part of its authorization of the issuance of shares. /s/ Farid Suleman 2007-05-23