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NEW YORK - The chairman of radio broadcaster Entercom Communications Corp. bought 75,000 shares of common stock under a prearanged trading plan, according to a Securities and Exchange Commission filing Tuesday.
| ETM | 0.8 |  0.05 |
In a Form 4 filed with the SEC, Joseph M. Field reported he bought the shares for $6.20 to $6.63 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Entercom is based in Bala Cynwyd, Pa.
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