Though “free” is not a price option this time, Radiohead will release its latest album “The King of Limbs” in two variably priced editions: a digital-only bow, available Saturday, Feb. 19, and an elaborate multiformat version shipping May 9.Album is the popular English band’s first since its 2007 collection “In Rainbows.” That set, initially self-released by the group after its split from EMI, was made available as a digital download on a revolutionary “pay what you will” basis; fans could pay nothing if they liked. It was issued as a CD in 2008 via ATO. “King of Limbs” is being sold exclusively through Radiohead’s website, radiohead.com, where the release was announced Monday. The no-frills digital version out this week will be sold in an MP3 version ($9) and an uncompressed WAV version ($14). Individual tracks are not available. The so-called “Newspaper Album” out in May will comprise digital, CD and 10-inch vinyl versions of the set. According to the site, it will come with “many large sheets of artwork, 625 tiny pieces of artwork and a full-color piece of oxo-degradable plastic to hold it all together.” The MP3 edition is $48; the WAV edition is $53. The digital version will be available to purchasers on Saturday. The band offered no other information about the contents of the album on its site, which sported the legend “Thank You for Waiting” on Monday.