X0202 4 2006-06-06 0 0001354513 CTC Media, Inc. CTCM 0001363388 Lakhani Nilesh C/O CTC MEDIA, INC. PRAVDA STREET 15A MOSCOW 1Z 125124 RUSSIAN FEDERATION 0 1 0 0 Chief Financial Officer Common Stock 2006-06-06 4 C 0 188300 3.98 A 188300 D Common Stock 2006-06-06 4 S 0 188300 13.28 D 0 D Stock option (right to buy) 3.98 2006-06-06 4 C 0 188300 0 D Common Stock 188300 188304 D Stock Option (right to buy) 2006-06-06 4 A 0 751426 0 A Common Stock 751426 751426 D The option is exercisable in 9 installments, with 125,536 exercisable on November 1, 2005 and the subsequent 8 equal installments becoming exercisable on the last day of every three months thereafter to October 31, 2007. The exercise price per share will be equal to the average closing sale price of the Issuer?s common stock for the first twenty days that it is quoted on the NASDAQ National Market. The options vest quarterly over a three year period commencing with the closing of the Initial Public Offering of the Issuer with respect to 50% of the shares under option and over a four year period with respect to the other 50% of the shares under option. Leigh Sprague, Attorney-in-fact 2006-06-06