EMMIS COMMUNICATIONS CORP

Ticker: EMMS CUSIP: 291525400 Class: Common equity shares

New Jersey Better Educational Savings Trust's Holding History (CIK: 0001482010)

Note: Option positions (PUT/CALL) are excluded.

Q1 2018

Shares 25,000 Value ($000) $115 Avg Close $3.51 Range $2.66 - $4.51

Q4 2017

Shares 60,000 Value ($000) $212 Avg Close $3.32 Range $3.09 - $3.47

Q3 2017

Shares 60,000 Value ($000) $199 Avg Close $2.66 Range $2.29 - $3.22

Q2 2017

Shares 60,000 Value ($000) $173 Avg Close $2.73 Range $2.01 - $3.64

Q1 2017

Shares 60,000 Value ($000) $147 Avg Close $2.74 Range $2.27 - $3.33

Q4 2016

Shares 60,000 Value ($000) $197 Avg Close $3.29 Range $2.95 - $3.83

Q3 2016

Shares 60,000 Value ($000) $243 Avg Close $3.71 Range $2.55 - $4.06

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	25,000	$115	$3.51	$2.66 - $4.51
Q4 2017	60,000	$212	$3.32	$3.09 - $3.47
Q3 2017	60,000	$199	$2.66	$2.29 - $3.22
Q2 2017	60,000	$173	$2.73	$2.01 - $3.64
Q1 2017	60,000	$147	$2.74	$2.27 - $3.33
Q4 2016	60,000	$197	$3.29	$2.95 - $3.83
Q3 2016	60,000	$243	$3.71	$2.55 - $4.06