SEC Form 4 · accession 0001225208-16-036504
EMMIS COMMUNICATIONS CORP · EMMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Leventhal
Director
Period of report
Jul 7, 2016
Accepted (ET)
Jul 7, 2016 · 6:09 pm EDT
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 | Jul 7, 2016 | A | 2,195 | $0.00 | A | 427,278 | D | |
| Class A Common Stock | holding | — | — | — | 17,600 | I | By Davstan Trading | |
| Class A Common Stock | holding | — | — | — | 1,487 | I | By IRA | |
| Class A Common Stock | holding | — | — | — | 3,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Employee Director Stock Option Right To BuyF2 | $0.73 | Jul 7, 2016 | A | 7,317 | A | Jul 7, 2017 | Jul 7, 2026 | Class A Common Stock | 7,317 | 7,317 | D |
Explanation of responses
- F1The acquisition of Class A Common Stock represents a restricted stock grant that will vest in full on the expiration of the director's current three year term.
- 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.