Please wait

1 ------------------------------ OMB APPROVAL ------------------------------ OMB NUMBER 3235-0287 EXPIRES: SEPTEMBER 30, 1998 ESTIMATED AVERAGE BURDEN HOURS PER RESPONSE . . . . 0.5 ------------------------------ - ------ FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION - ------ WASHINGTON, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) 1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 3. IRS or Social Security Number of Reporting Person (Voluntary) Wagner, Todd R broadcast.com, inc. (bcst) ------------------------------------ ---------------------------------------- -------------------------------- (Last) (First) (Middle) c/o broadcast.com, inc. 2914 Taylor Street ------------------------------------ (Street) Dallas, Texas 75226 ------------------------------------ (City) (State) (Zip) 4. Statement for Month/Year 5. If Amendment, Date of 6. Relationship of Reporting Person to Issuer Original (Month/Year) (Check all applicable) 7/98 ------------------------ --------------------- X Director X 10% Owner --- --- X Officer (give title below) Other (specify below) --- --- 7. Individual or Joint/Group Filing (Check Applicable) X Form filed by One Reporting Person --- Form filed by More than One Reporting Person --- - ------------------------------------------------------------------------------------------------------------------------------------ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or (Instr. 3) (Month/Day/Year) (Instr.8) Disposed of (D) (Instr. 3, 4 and 5) - ------------------------------------------------------------------------------------------------------------------------------------ Code / V Amount / (A) or (D) / Price - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 7/16/98 S* 187,500 D $16.74 per share - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------ 5. Amount of Securities 6. Ownership Form: Direct 7. Nature of Indirect Beneficially Owned (D) or Indirect (I) Beneficial Ownership at End of Month (Instr. 4) (Instr. 4) (Instr. 3 and 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 2,460,600 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ * Shares sold to managing underwriters in the issuer's initial public offering in connection with the exercise of the underwriters' over-allotment option. - ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) * If the form filed by more than one reporting person, see Instruction 4(b)(v) SEC 1474 (7/96)

2 FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

1. Title of Derivative 2. Conversion or 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable and Security (Instr. 3) Exercise Price Date (Month/ Code (Instr. 8) Securities Acquired Expiration Date of Derivative Day/Year) (A) or Disposed of (Month/Day/Year) Security (D) (Instr. 3, 4, and 5) - ------------------------------------------------------------------------------------------------------------------------------------ Code / V (A) / (D) Date Expiration Exercisable Date - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------

7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of of Underlying Derivative Derivative Form of Indirect Securities (Instr. Security Securities Derivative Beneficial 3 and 4) (Instr. 5) Beneficially Security: Ownership Owned at Direct (D) (Instr. 4) Amount or End of or Indirect Number of Month (I) (Instr. 4) Title Shares (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses: ** Intentional misstatements or omissions of facts constitute /S/ TODD WAGNER 8/10/98 Federal Criminal Violations. See 18 U.S.C. 1001 and 15 ----------------------------- ---------- U.S.C. 78ff(a). ** Signature of Date Reporting Person Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this Page 2 form are not required to respond unless the form displays the currently valid OMB Number. SEC 1474 (7/96)