SEC Form 4 · accession 0001209191-15-070387
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F Yospe
Officer — SVP, Controller & PAO
Period of report
Sep 10, 2015
Accepted (ET)
Sep 11, 2015 · 6:38 pm EDT
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 | Sep 10, 2015 | M | 5,080 | $0.00 | A | 22,347 | D | |
| Class A Common Stock | Sep 10, 2015 | F | 1,878 | $72.82 | D | 20,469 | D |
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,F3 | $0.00 | Sep 10, 2015 | M | 5,080 | D | Sep 10, 2015 | Sep 10, 2015 | Class A Common Stock | 5,080 | 0 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Sep 11, 2015 | A | 2,820 | A | — | Sep 11, 2018 | Class A Common Stock | 2,820 | 2,820 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on September 10, 2012 under The Madison Square Garden Company ("MSG") 2010 Employee Stock Plan. The RSU vested on September 10, 2015.
- F2Represents RSUs of MSG withheld to satisfy tax withholding obligations in coonection with the vesting of RSUs described in footnote 1 above.
- F3Each restricted stock unit is granted under MSG 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
- F4The RSUs are scheduled to vest in three equal installments on September 11, 2016, September 11, 2017 and September 11, 2018, subject to the achievement of certain performance measures.