Emmis Corp - Dec 19, 2022 Form 4 Insider Report for Mediaco Holding Inc. (MDIA)

Signature
Emmis Corporation by J. Scott Enright, Executive Vice President, General Counsel & Secretary
Stock symbol
MDIA
Transactions as of
Dec 19, 2022
Transactions value $
$1,000,026
Form type
4
Date filed
12/20/2022, 04:31 PM
Previous filing
Aug 17, 2022
Next filing
Dec 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDIA Class A Common Stock Award $1M +804K +7325.74% $1.24 815K Dec 19, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These reported securities were acquired by Emmis through a partial conversion of a convertible promissory note with a floating conversion price based on the average volume-weighted average prices of the Class A Common Stock for the last 30 trading days prior to the date of determination, determined as of the fifth business day after the date on which notice of conversion was given (making the note ineligible to be a derivative security). The conversion was specifically approved by the Issuer's board of directors.

Remarks:

Emmis Corporation has the right to recommend three directors for election to the Issuer's board of directors, and Jeffrey H. Smulyan, Patrick M. Walsh and J. Scott Enright serve as directors of the Issuer pursuant to that right. Emmis therefore is a director by deputization of the Issuer. Mr. Smulyan, Mr. Walsh and Mr. Enright disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.