SEC Form 4 · accession 0001225208-18-005285
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, 2018
Accepted (ET)
Mar 5, 2018 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783005
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2 | — | Mar 1, 2018 | A | 100,000 | A | — | — | Class A Common Stock | 100,000 | 1,242,366 | D |
| Employee Stock Option Right To BuyF3 | $4.2191 | Mar 1, 2018 | A | 37,500 | A | Mar 1, 2019 | Mar 1, 2028 | Class A Common Stock | 37,500 | 37,500 | D |
Explanation of responses
- F1Conversion price is $0.00.
- F2This is a Restricted Stock Grant that vests 2/28/21. Upon vesting, subject to share withholding for taxes, the Class B stock is convertible by Mr. Smulyan into Class A Common Stock at any time and has no expiration.
- F3One third of the options vest on this date, a third vest one year thereafter and the final vest on the third anniversary of the grant date.