X0303 4 2011-03-30 0 0001354513 CTC Media, Inc. CTCM 0001484113 Kudryashov Anton C/O CTC MEDIA, INC 31A LENINGRADSKY PROSPEKT MOSCOW 125124 0 1 0 0 Chief Executive Officer Common stock 2011-03-30 4 M 0 15000 5.49 A 15000 D Common stock 2011-03-30 4 S 0 100 22.8800 D 0 D Common stock 2011-03-30 4 S 0 200 22.9100 D 0 D Common stock 2011-03-30 4 S 0 100 22.9200 D 0 D Common stock 2011-03-30 4 S 0 180 22.93 D 0 D Common stock 2011-03-30 4 S 0 100 22.94 D 0 D Common stock 2011-03-30 4 S 0 100 22.97 D 0 D Common stock 2011-03-30 4 S 0 1100 22.98 D 0 D Common stock 2011-03-30 4 S 0 1900 23 D 0 D Common stock 2011-03-30 4 S 0 900 23.01 D 0 D Common stock 2011-03-30 4 S 0 1300 23.02 D 0 D Common stock 2011-03-30 4 S 0 968 23.03 D 0 D Common stock 2011-03-30 4 S 0 520 23.04 D 0 D Common stock 2011-03-30 4 S 0 400 23.05 D 0 D Common stock 2011-03-30 4 S 0 180 23.09 D 0 D Common stock 2011-03-30 4 S 0 152 23.14 D 0 D Common stock 2011-03-30 4 S 0 100 23.17 D 0 D Common stock 2011-03-30 4 S 0 100 23.18 D 0 D Common stock 2011-03-30 4 S 0 100 23.1901 D 0 D Common stock 2011-03-30 4 S 0 500 23.2 D 0 D Common stock 2011-03-30 4 S 0 100 23.21 D 0 D Common stock 2011-03-30 4 S 0 200 23.22 D 0 D Common stock 2011-03-30 4 S 0 100 23.2201 D 0 D Common stock 2011-03-30 4 S 0 300 23.25 D 0 D Common stock 2011-03-30 4 S 0 100 23.2545 D 0 D Common stock 2011-03-30 4 S 0 500 23.26 D 0 D Common stock 2011-03-30 4 S 0 100 23.2614 D 0 D Common stock 2011-03-30 4 S 0 200 23.27 D 0 D Common stock 2011-03-30 4 S 0 300 23.2701 D 0 D Common stock 2011-03-30 4 S 0 100 23.2745 D 4000 D Stock option (right to buy) 5.49 2011-03-30 4 M 0 15000 0 D 2018-08-04 Common stock 15000 706621 D The reported sale was effected by a broker transaction pursuant to instructions set forth in the Rule 10b5-1 trading plan adopted by the reporting person. This option is divided into three equal sub-tranches where vesting is subject to the issuer achieving revenue growth in 2009, 2010 and 2011 that exceeds by five percentage points the growth in the size of the Russian television advertising market in those years. Upon achieving the revenue objective for any relevant year, the option shares for that sub-tranche will vest immediately as to one-third of the shares and in two equal installments over the next two years. If the revenue objective for any one year is not achieved then the applicable option shares for that year shall not vest; provided, however, that if on a cumulative basis over the relevant years the compound annual growth rate of the issuer's revenues exceeds by five percentage points the compound annual growth rate of the Russian television advertising market, the option shares applicable to the earlier revenue objective will commence vesting from the year in which such cumulative revenue objective is achieved. This is 1st of 2 filings /s/ Anton Kudryashov 2011-03-30