SEC Form 4 · accession 0001209191-15-023527
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jr. Thomas S. Smith
Officer — President & CEO
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 4:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001469372
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 4, 2015 | M | 25,925 | $0.00 | A | 44,615 | D | |
| Class A Common StockF2 | Mar 4, 2015 | F | 11,666 | $77.54 | D | 32,949 | D | |
| Class A Common StockF3 | holding | — | — | — | 5,130 | I | By Son | |
| Class A Common StockF4 | holding | — | — | — | 2,480 | I | By Daughter |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | Mar 4, 2015 | M | 25,925 | D | — | Mar 4, 2016 | Class A Common Stock | 25,925 | 25,925 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") is granted under The Madison Square Garden Company ("MSG") 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
- F2Represents RSUs of MSG withheld to satisfy tax withholding obligations in coonection with the vesting of RSUs described in footnote 5 below.
- F3Reporting Person disclaims beneficial ownership of all securities of MSG beneficially owned and deemed to be beneficially owned by his son and this filing shall not be deemed an admission that Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F4Reporting Person disclaims beneficial ownership of all securities of MSG beneficially owned and deemed to be beneficially owned by his daughter and this filing shall not be deemed an admission that Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F525,925 RSUs vested on March 4, 2015. The remaining 25,925 RSUs are scheduled to vest on March 4, 2016.