SEC Form 4 · accession 0001225208-15-006790
EMMIS COMMUNICATIONS CORP · EMMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey H Smulyan
Officer — Chairman and CEO · Director · 10% Owner · Other
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783005
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Mar 2, 2015 | F | 36,185 | $2.15 | D | 322,668 | D | |
| Class A Common Stock | holding | — | — | — | 8,441 | I | By 401(k) Plan | |
| Class A Common Stock | holding | — | — | — | 11,120 | I | By Trusts for Children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option Right To BuyF3 | $2.07 | Mar 2, 2015 | A | 150,000 | A | Mar 2, 2016 | Mar 2, 2025 | Class A Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Shares withheld for taxes upon the vesting of restricted stock.
- F2Includes 135,525 shares received as a liquidating distribution from HSJS, LLC and constituting only a change in form of beneficial ownership exempt under Rule 16a-13. In prior reports, the reporting person reported indirect beneficial ownership of the aggregate 1,231,046 shares of the Issuer's Class A Common Stock held by HSJS.
- F3Each Option shall vest in three (3) equal installments of Fifty Thousand (50,000) shares on the final calendar day of February in each of 2016, 2017, 2018.