0001162893-12-000005.txt : 20120504 0001162893-12-000005.hdr.sgml : 20120504 20120504170417 ACCESSION NUMBER: 0001162893-12-000005 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120504 DATE AS OF CHANGE: 20120504 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STABOSZ TIMOTHY J CENTRAL INDEX KEY: 0001162893 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1307 MONROE STREET CITY: LA PORTE STATE: IN ZIP: 46350 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMMIS COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000783005 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 351542018 STATE OF INCORPORATION: IN FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43521 FILM NUMBER: 12815144 BUSINESS ADDRESS: STREET 1: ONE EMMIS PLAZA STREET 2: 40 MONUMENT CIRCLE SUITE 700 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 3172660100 MAIL ADDRESS: STREET 1: ONE EMMIS PLAZA STREET 2: 40 MONUMENT CIRCLE #700 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 FORMER COMPANY: FORMER CONFORMED NAME: EMMIS BROADCASTING CORPORATION DATE OF NAME CHANGE: 19920703 SC 13D/A 1 emms13d2.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 1) Under the Securities Exchange Act of 1934 EMMIS COMMUNICATIONS CORPORATION ------------------------------------------------------------------------------- (Name of issuer) CLASS A COMMON STOCK ------------------------------------------------------------------------------- (Title of class of securities) 291525103 -------------------------------------------------------- (CUSIP number) TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087 ------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) APRIL 30, 2012 -------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_] The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 291525103 -------------------------------------------------------------------------------- 1. Name of Reporting Person TIMOTHY JOHN STABOSZ -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] NOT APPLICABLE (b) [_] -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF -------------------------------------------------------------------------------- 5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization UNITED STATES -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 1,103,301 Shares ____________________________________________ Beneficially (8) Shared Voting Power 0 Owned by ____________________________________________ Each (9) Sole Dispositive Power 1,103,301 Reporting ____________________________________________ Person With (10) Shared Dispositive Power 0 -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 1,103,301 by each Reporting Person -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes [_] Certain Shares -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 3.2% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- ITEM 1. Security and Issuer Class A common stock ("the shares") of Emmis Communications Corp. ("the company"), One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN 46204. ITEM 2. Identity and Background The reporting person, Timothy J. Stabosz, 1307 Monroe Street, LaPorte, IN 46350, a natural person and United States citizen, is engaged as a private investor. He has not been convicted in a criminal proceeding (excluding traffic violations or other similar misdemeanors) in the last 5 years, and has not been a party to any proceedings, or subject to any judgements, enjoinments, decrees, et al, related to violations of state or federal securities laws, in his lifetime. ITEM 3. Source and Amount of Funds or Other Consideration Personal funds in the aggregate amount of $768,963.01 have been used to effect the purchase of the shares. No part of the purchase price represents borrowed funds. ITEM 4. Purpose of Transaction The reporting person has acquired the shares for investment purposes, and reserves the right to increase or decrease his position in the shares, as his investment, trading, diversification, and other objectives dictate. The reporting person is filing this Amendment No. 1 to reflect a decrease in his ownership percentage of the company's Class A common stock to 3.2%, from the 5.3% previously reported on Schedule 13D, filed on March 9, 2012. On April 30, 2012, the reporting person's ownership interest in the Class A common stock dropped below 5%. Therefore, this filing terminates the reporting person's filing obligations under Regulation 13D of the Act. ITEM 5. Interest in Securities of the Issuer As of the close of business on May 3, 2012, the reporting person has sole voting and dispositive power over 1,103,301 shares of Emmis Communications Corporation's Class A common stock. The company's latest Form 10-Q filing, as of January 4, 2012, indicates there were 34,007,279 Class A common shares outstanding. Accordingly, the reporting person is deemed to own 3.2% of the company's Class A common stock. Transactions effected by the reporting person since the March 9, 2012 previous 13D filing, through May 3, 2012, were performed in ordinary brokerage transactions, and are indicated as follows: 03/14/12 bought 9700 shares at $ .75 03/16/12 bought 8100 shares at $ .808 03/20/12 bought 7640 shares at $ .809 03/22/12 sold 10,000 shares at $ .895 03/27/12 sold 10,100 shares at $ .83 03/29/12 sold 5000 shares at $ .849 03/30/12 sold 15,600 shares at $ .812 04/03/12 sold 39,400 shares at $ .795 04/04/12 sold 890 shares at $ .81 04/10/12 sold 30,000 shares at $ .76 04/12/12 sold 510 shares at $ .80 04/30/12 sold 137,689 shares at $1.193 05/01/12 sold 45,000 shares at $1.304 05/02/12 sold 402,100 shares at $1.541 05/03/12 sold 16,000 shares at $1.569 Explanation: Most of the shares transacted above were bought or sold in multiple transactions at various prices. The reporting person undertakes to provide to the company, or the staff of the SEC, upon request, full information regarding the number of shares purchased or sold at each separate price on any single trading day. ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not Applicable ITEM 7. Material to be Filed as Exhibits Not Applicable SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date 05/04/12 Signature Timothy J. Stabosz Name/Title Timothy J. Stabosz, Private Investor