SEC Form 4 · accession 0001209191-16-104453
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Lawrence Dolan
Officer — Executive Chairman · Director · Other
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 4:20 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 | Feb 29, 2016 | M | 66,000 | $3.66 | A | 364,666 | D | |
| Class A Common StockF2,F1 | Feb 29, 2016 | S | 66,000 | $16.5308 | D | 298,666 | D | |
| Class A Common StockF3 | holding | — | — | — | 22,813 | I | By Spouse | |
| Class A Common StockF3 | holding | — | — | — | 388 | I | 401(k) | |
| Class A Common StockF4 | holding | — | — | — | 3,157 | I | By Members of Household | |
| Class A Common StockF5 | holding | — | — | — | 1,475 | I | By Minor Children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Rights to buy)F6 | $3.66 | Feb 29, 2016 | M | 66,000 | D | — | Jun 5, 2016 | Class A Common Stock | 66,000 | 0 | D |
Explanation of responses
- F1Includes shares held jointly with spouse.
- F2This transaction was executed in multiple trades at prices ranging from $16.500 to $16.560 per share, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Securities held directly (or through 401(k) plan) by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F4Reporting Person disclaims beneficial ownership of the securities of MSG Networks Inc. beneficially owned and deemed to be beneficially owned by members of his household and this filing shall not be deemed an admission that the Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F5Reporting Person disclaim beneficial ownership of all securities of MSG Networks Inc. beneficially owned and deemed to be beneficially owned by his minor children 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.
- F6The options were fully exercisable and vested on the date of the filing.