SEC Form 4 · accession 0001225208-17-009908
EMMIS COMMUNICATIONS CORP · EMMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul V. Brenner
Officer — President
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 4:21 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 | May 12, 2017 | A | 2,978 | $0.00 | A | 40,926 | D | |
| Class A Common StockF2 | May 12, 2017 | F | 1,240 | $3.29 | D | 39,686 | D | |
| Class A Common Stock | May 12, 2017 | S | 12,000 | $3.1697 | D | 27,686 | D | |
| Class A Common Stock | May 15, 2017 | M | 3,750 | $1.18 | A | 31,436 | D | |
| Class A Common Stock | May 15, 2017 | S | 948 | $3.072 | D | 30,488 | D | |
| Class A Common Stock | May 15, 2017 | S | 3,750 | $3.10 | D | 26,738 | D | |
| Class A Common Stock | holding | — | — | — | 1,060 | I | By 401(k) Plan |
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 | $1.18 | May 15, 2017 | M | 3,750 | D | Mar 2, 2010 | Mar 2, 2019 | Class A Common Stock | 3,750 | 0 | 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.