SEC Form 4 · accession 0001225208-16-028961
EMMIS COMMUNICATIONS CORP · EMMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey H Smulyan
Officer — Chairman,CEO · Director · 10% Owner · Other
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 5:05 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 | Mar 1, 2016 | F | 51,829 | $0.54 | D | 354,677 | 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 BuyF2 | $0.54 | Mar 1, 2016 | A | 150,000 | A | Mar 1, 2017 | Mar 1, 2026 | Class A Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Total number of shares withheld to satisfy tax withholding obligations.
- F2One-third of the options vest on this date, another third vest one year thereafter and the final third vest on the third anniversary of the grant date.