| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0202 |
| Document Type: 4 |
| Period of Report: 6/23/06 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 923877 |
| Issuer Name: PAXSON COMMUNICATIONS CORP |
| Issuer Trading Symbol: ION |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1207125 |
| | Owner Name: BRANDON HENRY J III |
| Reporting Owner Address: |
| | Owner Street 1: 601 CLEARWATER PARK RD |
| | Owner Street 2: |
| | Owner City: WEST PALM BEACH |
| | Owner State: FL |
| | Owner ZIP Code: 33401 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 6/23/06 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 27,778 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 91,778 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Shares restricted as to transferability and subject to forfeiture until vested. Shares vest on January 1, 2007 and are not transferable until after Reporting Person ceases to serve as a director. |
| Owner Signature: |
| Signature Name: Henry J. Brandon, Reporting Person, executed by attorney-in-fact, Adam K. Weinstein |
| Signature Date: 6/27/06 |
