James M. Dubin, Director at EMMIS COMMUNICATIONS CORP (EMMS), bought 20,000 shares at $1.85 ($37K) on 2012-11-13, disclosed to the SEC on 2012-11-15.
Open-market purchase of $37k EMMS by Director. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Something here stands out, but not much.