EMMIS COMMUNICATIONS CORP 4
4 · EMMIS COMMUNICATIONS CORP · Filed Mar 31, 2011
Insider Transaction Report
Form 4
AMALGAMATED GADGET LP
10% Owner
Transactions
- Sale
6.25% Series A Cumulative Convertible Preferred Stock
2011-03-29$16.50/sh−65,000$1,072,500→ 272,050 totalExercise: $20.50→ Class A Common Stock (158,575 underlying)
Footnotes (3)
- [F1]The Preferred Stock is convertible into shares of the Issuer's Class A Common Stock at a conversion rate based on the liquidation value of the Preferred Stock ($50.00 per share) divided by its conversion price ($20.495 per share).
- [F2]The Preferred Stock is immediately convertible into shares of the Issuer's Class A Common Stock and has no expiration date.
- [F3]All shares reported herein as being owned by Amalgamated Gadget, L.P. ("Amalgamated") were acquired by Amalgamated for and on behalf of R2 Investments, LDC ("R2"), pursuant to an Investment Management Agreement. Pursuant to such Agreement, Amalgamated has sole voting and dispositive power of such shares and R2 has no beneficial ownership of such shares. This filing shall not be deemed an admission that Amalgamated is the beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Act"). Scepter Holdings, Inc. ("Scepter") is the general partner of Amalgamated, which is the holder of the shares reported herein. Geoffrey P. Raynor ("Raynor") is the sole shareholder of Scepter. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Act, each of Scepter and Raynor is deemed to be the beneficial owner of any shares beneficially owned by Amalgamated only to the extent of the greater of his or its respective direct or indirect interest.