<SEC-DOCUMENT>0001571049-17-000183.txt : 20170105
<SEC-HEADER>0001571049-17-000183.hdr.sgml : 20170105
<ACCEPTANCE-DATETIME>20170105155941
ACCESSION NUMBER:		0001571049-17-000183
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170103
FILED AS OF DATE:		20170105
DATE AS OF CHANGE:		20170105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Townsquare Media, Inc.
		CENTRAL INDEX KEY:			0001499832
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO BROADCASTING STATIONS [4832]
		IRS NUMBER:				271996555
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		240 GREENWICH AVE.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		203-861-0900

	MAIL ADDRESS:	
		STREET 1:		240 GREENWICH AVE.
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Townsquare Media, LLC
		DATE OF NAME CHANGE:	20100824

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rosenstein Stuart B
		CENTRAL INDEX KEY:			0001292179

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36558
		FILM NUMBER:		17510543

	MAIL ADDRESS:	
		STREET 1:		10 HOBBY LANE
		CITY:			BEDFORD
		STATE:			NY
		ZIP:			10506
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>t1700023_x10.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001499832</issuerCik>
        <issuerName>Townsquare Media, Inc.</issuerName>
        <issuerTradingSymbol>TSQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001292179</rptOwnerCik>
            <rptOwnerName>Rosenstein Stuart B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TOWNSQUARE MEDIA, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>240 GREENWICH AVENUE</rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP and CFO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Options to Purchase Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-01-03</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>912009</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2024-07-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
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                <underlyingSecurityShares>
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        <derivativeTransaction>
            <securityTitle>
                <value>Options to Purchase Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.63</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-01-03</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                <underlyingSecurityShares>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Options to Purchase Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>12.27</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-01-03</value>
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                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F2"/>
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            <expirationDate>
                <value>2025-08-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
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            </underlyingSecurity>
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        <derivativeTransaction>
            <securityTitle>
                <value>Options to Purchase Class B Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.63</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-01-03</value>
            </transactionDate>
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                <transactionCode>A</transactionCode>
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                <footnoteId id="F1"/>
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                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
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                <value>2025-08-19</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                    <value>1187009</value>
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                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The transaction reported herein reflects a repricing of options (the &quot;Repricing&quot;) that became effective on January 3, 2017. The stock options were originally granted to the reporting person pursuant to two grants, on July 25, 2014 and August 19, 2015 respectively. As a result of the Repricing, such options now have a lower exercise price; other than the reduced exercise price, there have been no other changes in the terms of such options. However, under Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, a reduction in the exercise price of any option is treated as effectively canceling the old option and granting a new option as of the effective date of the repricing, and thus is being reported accordingly in this Form 4.</footnote>
        <footnote id="F2">The Reporting Person's options to purchase Class B Common Stock were fully vested upon issuance but remain subject to certain transfer restrictions.</footnote>
        <footnote id="F3">In connection with the issuer's initial public offering (the &quot;IPO&quot;) in July 2014, the Reporting Person entered into a stockholders' agreement (the &quot;Stockholders' Agreement&quot;) with OCM POF IV AIF GAP Holdings, L.P. (&quot;GAP Holdings&quot;), OCM PF/FF Radio Holdings PT, L.P. (&quot;Radio Holdings&quot;), FiveWire Media Ventures, LLC (&quot;FiveWire&quot;) and the other members of FiveWire. Pursuant to the Stockholders' Agreement, FiveWire and its members have agreed to support certain nominees of GAP Holdings, Radio Holdings and their affiliates (collectively, &quot;Oaktree&quot;), as directors of the issuer, and have granted to Oaktree an irrevocable proxy to vote the shares of Class B common stock of the issuer into which the securities held by FiveWire and its members were converted at the time of the IPO. As a result, Oaktree may be deemed to form a &quot;group&quot; with FiveWire and its members.</footnote>
        <footnote id="F4">The Reporting Person disclaims beneficial ownership of any securities held by the other parties to the Stockholders' Agreement, except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher Kitchen as attorney-in-fact for Stuart Rosenstein</signatureName>
        <signatureDate>2017-01-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
