Emmis Communications Corporation
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6.25% Series A Cumulative Convertible Preferred Stock
Class A Common Stock, par value $0.01 per share
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291525202
291525103
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John Barrett
Corre Partners Management, LLC
1370 Avenue of the Americas
29th Floor
New York, NY 10019
( 646-863-7152)
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March 3, 2014
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*
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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CUSIP No. 291525202
CUSIP No. 291525103
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1.
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Names of Reporting Persons.
Corre Opportunities Qualified Master Fund, L.P.
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2.
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Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
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3.
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SEC USE ONLY
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4.
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Source of Funds (see instructions)
00
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5.
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Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
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6.
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Citizenship or Place of Organization
Delaware
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Number of
shares
beneficially
owned by
each
reporting
person
with
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7.
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Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
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8.
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Shared Voting Power
-0-
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9.
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Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
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10.
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Shared Dispositive Power
-0-
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||
11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
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13.
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Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
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14.
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Type of Reporting Person (see instructions) IA
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(1) |
Reporting Person beneficially owns 233,191 Preferred Shares, which are convertible as of the date of this Schedule 13D into 568,986 shares of Class A Common Stock, and 777,559 shares of Class A Common Stock.
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(2)
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This calculation excludes the 400,000 Preferred Shares that were issued by the issuer to the Affiliated Trust. If the Preferred Shares issued to the Affiliated Trust were treated as outstanding, then the Preferred Shares held by the Reporting Person would represent 17.55% of the Preferred Shares.
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(3) |
Based on 37,114,674 shares of Class A Common Stock outstanding as of November 30, 2013, as disclosed in the Issuer’s Form 10Q filed with the SEC on January 8, 2014
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1.
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Names of Reporting Persons.
Corre Opportunities Fund, LP
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2.
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Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
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3.
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SEC USE ONLY
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||
4.
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Source of Funds (see instructions)
00
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||
5.
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Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
|
||
6.
|
Citizenship or Place of Organization
Delaware
|
||
Number of
shares
beneficially
owned by
each
reporting
person
with
|
7.
|
Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
|
8.
|
Shared Voting Power
-0-
|
||
9.
|
Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
||
10.
|
Shared Dispositive Power
-0-
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
|
||
12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
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13.
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Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
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14.
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Type of Reporting Person (see instructions) IA
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1.
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Names of Reporting Persons.
Corre Partners Advisors, LLC
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||
2.
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Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
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||
3.
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SEC USE ONLY
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||
4.
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Source of Funds (see instructions)
00
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||
5.
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Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
|
||
6.
|
Citizenship or Place of Organization
Delaware
|
||
Number of
shares
beneficially
owned by
each
reporting
person
with
|
7.
|
Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
|
8.
|
Shared Voting Power
-0-
|
||
9.
|
Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
||
10.
|
Shared Dispositive Power
-0-
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
|
||
13.
|
Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
|
||
14.
|
Type of Reporting Person (see instructions) IA
|
1.
|
Names of Reporting Persons.
Corre Partners Management, LLC
|
||
2.
|
Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
|
||
3.
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SEC USE ONLY
|
||
4.
|
Source of Funds (see instructions)
00
|
||
5.
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
|
||
6.
|
Citizenship or Place of Organization
Delaware
|
||
Number of
shares
beneficially
owned by
each
reporting
person
with
|
7.
|
Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
|
8.
|
Shared Voting Power
-0-
|
||
9.
|
Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
||
10.
|
Shared Dispositive Power
-0-
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
|
||
13.
|
Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
|
||
14.
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Type of Reporting Person (see instructions) IA
|
1.
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Names of Reporting Persons.
John Barrett
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||
2.
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Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
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||
3.
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SEC USE ONLY
|
||
4.
|
Source of Funds (see instructions)
00
|
||
5.
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Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
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6.
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Citizenship or Place of Organization
USA
|
||
Number of
shares
beneficially
owned by
each
reporting
person
with
|
7.
|
Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
|
8.
|
Shared Voting Power
-0-
|
||
9.
|
Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
||
10.
|
Shared Dispositive Power
-0-
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
|
||
13.
|
Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
|
||
14.
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Type of Reporting Person (see instructions) IA
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1.
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Names of Reporting Persons.
Eric Soderlund
|
||
2.
|
Check the Appropriate Box if a Member of a Group (see instructions)
(a) [ ] (b) [X]
|
||
3.
|
SEC USE ONLY
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||
4.
|
Source of Funds (see instructions)
00
|
||
5.
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) [ ] or 2(e) [ ]
|
||
6.
|
Citizenship or Place of Organization
USA
|
||
Number of
shares
beneficially
owned by
each
reporting
person
with
|
7.
|
Sole voting power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
|
8.
|
Shared Voting Power
-0-
|
||
9.
|
Sole Dispositive Power
233,191 Preferred Shares (1)
1,346,545 Common Stock (1)
|
||
10.
|
Shared Dispositive Power
-0-
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
233,191 Preferred Shares (1)
777,559 Common Stock (1)
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [X]
|
||
13.
|
Percent of Class Represented by Amount in Row (11)
25.10% (2)
2.11% (3)
|
||
14.
|
Type of Reporting Person (see instructions) IA
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(a)
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Name of Persons Filing
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(i)
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Corre Opportunities Qualified Master Fund, L.P., a Cayman Islands exempted limited partnership (the “Master Fund”);
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(ii)
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Corre Opportunities Fund, LP, a Delaware limited partnership (the “Fund”);
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(iii)
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Corre Partners Advisors, LLC, a Delaware limited liability company (the “General Partner”), which serves as the general partner of the Master Fund and the Fund;
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(iv)
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Corre Partners Management, LLC, a Delaware limited liability company, which has been delegated investment authority over the assets of the Master Fund and the Fund by the General Partner;
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(v)
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Mr. John Barrett (“Mr. Barrett”) who serves as a managing member of the General Partner;
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(vi)
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Mr. Eric Soderlund (Mr. Soderlund”) who serves as a managing member of the General Partner.
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(b)
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Residence or business address
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(c)
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Present Principal Occupation
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(d)-(e)
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During the past five years, none of the Reporting Persons has
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(f)
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Citizenship
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/s/ John Barrett
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John Barrett, individually
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/s/ Eric Soderlund
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Eric Soderlund, individually
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John Barrett and Eric Soderlund, as Managing Members of Corre Partners Management, LLC for
itself and on behalf of Corre Partners Advisors, LLC and Corre Opportunities Qualified Master Fund, L.P. and Corre Opportunities Fund, LP, as the managing members of Corre Partners Advisers, LLC and in its capacity as the general partner of Corre Opportunities Qualified Master Fund, L.P. and Corre Opportunities Fund, LP
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/s/ John Barrett | |
John Barrett | |
/s/ Eric Soderlund | |
Eric Soderlund |