LEVITAN MICHAEL 4

4 · EMMIS COMMUNICATIONS CORP · Filed Jan 11, 2006

Form 4

Period: 2006-01-09

EVP - HR

Transactions

Exercise/Conversion
Class A Common Stock
2006-01-09+2,732→ 17,232 total
Tax Payment
Class A Common Stock
2006-01-09−1,007→ 16,225 total
Sale
Class A Common Stock
2006-01-10$18.43/sh−1,725$31,792→ 14,500 total
Exercise/Conversion
Phantom Stock
2006-01-09−2,732→ 15 total
Exercise: $0.00→ Class A Common Stock (2,732 underlying)

Holdings

Class A Common Stock
(indirect: By 401(k))
151.922
Employee Stock Option Right To Buy
Exercise: $18.74From: 2006-03-01Exp: 2015-02-28→ Class A Common Stock (15,000 underlying)
15,000
Employee Stock Option Right To Buy
Exercise: $16.41From: 2004-03-04Exp: 2013-03-03→ Class A Common Stock (25,000 underlying)
25,000
Employee Stock Option Right To Buy
Exercise: $25.53From: 2005-03-01Exp: 2014-02-28→ Class A Common Stock (17,500 underlying)
17,500

Footnotes (3)

[F1]The transaction was effected pursuant to a Stock Sale Agreement established in accordance with Rule 10b5-1.
[F2]Phantom stock converted into shares of Class A Common Stock upon issuance pursuant to the 2005 Stock Compensation Program.
[F3]Shares listed are based on a percentage of the named executive's estimated cash compensation, excluding bonus, during calendar year 2005. Since the number of shares awarded in January 2006 is to be based upon the executive's actual cash compensation, excluding bonus, during the calendar year 2005, the number of shares actually awarded in January 2006 may vary. The Phantom Stock will expire upon issuance of Class A Common Stock in January 2006.

Documents

1 file