SEC Form 4 · accession 0001225208-16-040947
EMMIS COMMUNICATIONS CORP · EMMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jeffrey H Smulyan
Officer — Chairman,CEO · Director · 10% Owner · Other
Period of report
Oct 28, 2016
Accepted (ET)
Nov 1, 2016 · 5:02 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 Stock | Oct 28, 2016 | M | 3,900 | $2.80 | A | 109,534 | D | |
| Class A Common Stock | Oct 28, 2016 | S | 3,900 | $3.70 | D | 105,634 | D | |
| Class A Common StockF1 | Nov 1, 2016 | A | 6,561 | $0.00 | A | 112,195 | D | |
| Class A Common StockF2 | Nov 1, 2016 | F | 3,023 | $3.40 | D | 109,172 | D | |
| Class A Common Stock | holding | — | — | — | 2,720 | I | By 401(k) Plan | |
| Class A Common Stock | holding | — | — | — | 2,780 | 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 Buy | $2.80 | Oct 28, 2016 | M | 3,900 | D | Mar 1, 2013 | Mar 1, 2022 | Class A Common Stock | 3,900 | 22,649 | D |
Explanation of responses
- F1The Company exercised its right under Executive's employment agreement to pay a portion of the executive's salary in shares of Class A Common Stock.
- F2Total number of shares withheld to satisfy tax withholding obligations.