X0202 4 2004-02-25 0 0000839621 GRANITE BROADCASTING CORP GBTVK 0001208830 WILLS LAWRENCE I 767 THIRD AVE 34TH FL NEW YORK NY 10022 0 1 0 0 Senior Vice President - CFO Common Stock (Nonvoting) 2004-10-19 4 J 0 18220 A 64415.647 D Common Stock (Nonvoting) 2004-10-19 4 M 0 21780 A 86195.647 D Common Stock (Nonvoting) 2004-10-19 4 D 0 21780 0.25 D 64415.647 D Common Stock (Nonvoting) 2004-12-01 4 J 0 6555 A 70970.647 D Common Stock (Nonvoting) 2004-12-01 4 M 0 3445 A 74415.647 D Common Stock (Nonvoting) 2004-12-01 4 D 0 3445 0.4 D 70970.647 D Common Stock (Nonvoting) 2004-12-31 4 J 0 5694 A 76664.647 D Common Stock (Nonvoting) 2004-12-31 4 M 0 6806 A 83470.647 D Common Stock (Nonvoting) 2004-12-31 4 D 0 6806 0.4 D 76664.647 D Award under Management Stock Plan 2004-02-25 4 A 0 25000 A Common Stock (Nonvoting) 25000 25000 D Award under Management Stock Plan 2004-10-19 4 A 0 40000 A 2005-10-19 2004-10-19 Common Stock (Nonvoting) 40000 65000 D Award under Management Stock Plan 2004-10-19 4 J 0 18220 D 2004-10-19 2004-10-19 Common Stock (Nonvoting) 18220 46780 D Award under Management Stock Plan 2004-10-19 4 D 0 21780 0.25 D 2004-10-19 2004-10-19 Common Stock (Nonvoting) 21780 25000 D Award under Management Stock Plan 2004-12-01 4 A 0 10000 A 2004-12-01 2004-12-01 Common Stock (Nonvoting) 10000 35000 D Award under Management Stock Plan 2004-12-01 4 J 0 6555 D 2004-12-01 2004-12-01 Common Stock (Nonvoting) 6555 28445 D Award under Management Stock Plan 2004-12-01 4 D 0 3445 0.4 D 2004-12-01 2004-12-01 Common Stock (Nonvoting) 3445 25000 D Award under Management Stock Plan 2004-12-31 4 J 0 5694 D 2004-12-31 2004-12-31 Common Stock (Nonvoting) 5694 19306 D Award under Management Stock Plan 2004-12-31 4 D 0 6806 0.4 D 2004-12-31 2004-12-31 Common Stock (Nonvoting) 6806 12500 D Represents settlement of 40,000 units under the Granite Broadcasting Corporation Management Stock Plan. Settlement payment to reporting person consisted of 45.55% stock (18,200 shares) and 54.55% cash that was applied to applicable tax withholding payments. Not applicable. Represents settlement of 10,000 units under the Granite Broadcasting Corporation Management Stock Plan. Settlement payment to reporting person consisted of 65.55% stock (6,555 shares) and 34.45% cash that was applied to applicable tax withholding payments. Represents settlement of 12,500 units under the Granite Broadcasting Corporation Management Stock Plan. Settlement payment to reporting person consisted of 45.55% stock (5,694 shares) and 54.55% cash that was applied to applicable tax withholding payments. 1-for-1 One-half of the total grant (or 12,500 units) vest, and 12,500 shares of Common Stock (Nonvoting) (or cash or a combination thereof) will be issued (or paid) in respect thereof, on each of December 31, 2004 and 2005. /s/ Lawrence I. Wills 2004-03-25