X0202 4 2008-06-04 0 0001174527 CITADEL BROADCASTING CORP CDL 0001237987 SULEMAN FARID C/O CITADEL BROADCASTING CORPORATION 7201 W. LAKE MEAD BLVD, SUITE 400 LAS VEGAS NV 89128 1 1 0 0 Chief Executive Officer Common Stock 2008-06-04 4 A 0 2000000 1.72 A 8323115 D Common Stock 2008-06-04 4 A 0 2000000 1.72 A 8323115 D Includes 2,000,000 restricted shares that vest in three portions annually, on the anniversary date of the grant, with the first third vesting as of June 4, 2009, subject to Mr. Suleman's continuous service with Citadel Broadcasting Corporation (the "Company") through the applicable vesting date. Includes 2,000,000 performance based shares that shall vest in their entirety and become freely transferable in the event that the closing price of the Company's common stock on the New York Stock Exchange is at least $7.50 or more for five (5) consecutive trading days. Grant shall expire if not vested within 7 years of date of grant, which was made on June 4, 2008, subject to Mr. Suleman's continuous service with the Company through the applicable vesting date. Includes (1) 416,666 restricted shares that vest on October 1, 2008 subject to the Company's satisfaction of certain performance objectives and Mr. Suleman's continuous employment with the Company through the applicable vesting date and (2) 2,048 shares of Common Stock held in the Citadel Broadcasting Company 401(k) Retirement Savings Plan as of June 4, 2008. In addition, Mr. Suleman holds 20,000 shares of Common Stock as custodian for his son under the Uniform Gift to Minors; Mr. Suleman disclaims beneficial ownership of those shares. /s/ Farid Suleman 2008-06-06