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Emmis Communications Corp (EMMS)

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Insider Trading: Sales

Insider	Price	Amount	Relationship	Remaining Holdings	Date	Form 4
Smulyan	$3.26	800	Large Shareholder, Officer, Director, Other	682,493	2013-09-16	Filing
Smulyan	$3.24	400	Large Shareholder, Officer, Director, Other	683,293	2013-09-16	Filing
Smulyan	$3.21	300	Large Shareholder, Officer, Director, Other	683,693	2013-09-16	Filing
Smulyan	$3.28	300	Large Shareholder, Officer, Director, Other	683,993	2013-09-16	Filing
Smulyan	$3.31	300	Large Shareholder, Officer, Director, Other	684,293	2013-09-16	Filing
Smulyan	$3.15	200	Large Shareholder, Officer, Director, Other	684,593	2013-09-16	Filing
Smulyan	$3.19	200	Large Shareholder, Officer, Director, Other	684,793	2013-09-16	Filing
Smulyan	$3.23	200	Large Shareholder, Officer, Director, Other	684,993	2013-09-16	Filing
Smulyan	$3.23	200	Large Shareholder, Officer, Director, Other	685,193	2013-09-16	Filing
Smulyan	$3.25	200	Large Shareholder, Officer, Director, Other	685,393	2013-09-16	Filing
Smulyan	$3.21	150	Large Shareholder, Officer, Director, Other	685,593	2013-09-16	Filing
Smulyan	$3.20	100	Large Shareholder, Officer, Director, Other	685,743	2013-09-16	Filing
Smulyan	$3.22	100	Large Shareholder, Officer, Director, Other	685,843	2013-09-16	Filing
Smulyan	$3.25	100	Large Shareholder, Officer, Director, Other	685,943	2013-09-16	Filing
Smulyan	$3.27	100	Large Shareholder, Officer, Director, Other	686,043	2013-09-16	Filing
Smulyan	$3.27	100	Large Shareholder, Officer, Director, Other	686,143	2013-09-16	Filing
Leventhal	$2.69	4,000	Director	385,946	2013-07-30	Filing
Leventhal	$2.60	3,000	Director	389,946	2013-07-25	Filing
Leventhal	$2.64	3,000	Director	392,946	2013-07-25	Filing
Bayh	$2.75	70,721	Director	92,607	2013-07-10	Filing