1. Name and Address of Reporting Person KASEFF, GARY L. 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) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Exec Vice Pres, Gen. Counsel 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 11766 D Class A Common Stock 814.1 I By Profit Sharing Plan Class A Common Stock 3411 I By Spouse Class A Common Stock 1346 I For the Benefit of Children 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 3339 D Stock Common Stock Employee $16.41 03/04/2 A 50000 03/04/2004 03/03/2013 Class A 50000 $0.0000 50000 D Stock Opt. 003Common Right to Stock Buy Employee $17.25 02/28/2005 Class A 6002 D Stock Opt. Common Right to Stock Buy Employee $19.25 02/28/2004 Class A 2998 D Stock Opt. Common Right to Stock Buy Employee $22.6875 02/28/2008 Class A 40000 D Stock Opt. Common Right to Stock Buy Employee $24.75 02/28/2006 Class A 19200 D Stock Opt. Common Right to Stock Buy Employee $29 02/28/2011 Class A 40000 D Stock Opt. Common Right to Stock Buy Employee $29.12 03/05/2012 Class A 50000 D Stock Opt. Common Right to Stock Buy Employee $35.375 02/28/2010 Class A 40000 D Stock Opt. Common Right to Stock Buy Explanation of Responses: SIGNATURE OF REPORTING PERSON /s/ J. Scott Enright --------------------------------------- By: J. Scott Enright, Attorney-In-Fact DATE 03/06/2003 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.