1. Name and Address of Reporting Person THOE, GARY A. 40 Monument Circle
Suite 700
Indianapolis, IN 46204
USA
2. Issuer Name and Ticker or Trading Symbol
Emmis Communications Corporation (EMMS)
3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement
for Month/Day/Year
03/06/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( )
Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify
below) Publishing Division President
7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by
One Reporting Person ( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+------------------------------+----------+----------+---------+--------------------------+--------------+-----------+------------+
|1. Title of Security |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Class A Common Stock 3631 D
Class A Common Stock 29.29 I 401(k) Plan
Class A Common Stock 124.1 I By Profit
Sharing Plan
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Phantom $0 Class A 7031 D
Stock Common
Stock
Employee $16.41 03/04/2 A 15000 03/04/2004 03/03/2013 Class A 15000 $0.0000 15000 D
Stock Opt. 003 Common
Right to Stock
Buy
Employee $29 02/28/2011 Class A 10000 D
Stock Opt. Common
Right to Stock
Buy
Employee $29.12 03/05/2012 Class A 10000 D
Stock Opt. Common
Right to Stock
Buy
Employee $35.375 02/28/2010 Class A 10000 D
Stock Opt. Common
Right to Stock
Buy
Explanation of Responses:
One third of the options vest on this date, a third vest one year thereafter and
the final third vest on the third anniversary of the grant date.
SIGNATURE OF REPORTING PERSON
/s/ J. Scott Enright
---------------------------------------
By: J. Scott Enright, Attorney-In-Fact
DATE
03/06/2003