SEC Form 4 · accession 0001209191-16-141160
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bret Richter
Officer — EVP, CFO & Treasurer
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 4:31 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 9, 2016 | M | 6,436 | $0.00 | A | 6,861 | D | |
| Class A Common Stock | Sep 9, 2016 | F | 2,652 | $17.59 | D | 4,209 | D | |
| Class A Common StockF3 | holding | — | — | — | 100 | I | By Minor Child |
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 | — | Sep 9, 2016 | M | 6,436 | D | — | Sep 11, 2018 | Class A Common Stock | 6,436 | 12,874 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on September 11, 2015 under the MSG Networks Inc. ("MSGN") 2010 Employee Stock Plan, as amended. One-third of the RSUs vested and were settled on September 9, 2016. The remaining two-thirds of the RSUs vest on September 11, 2017 and September 11, 2018.
- F2Represents RSUs of MSGN withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
- F3Reporting Person disclaim beneficial ownership of all securities of MSGN beneficially owned and deemed to be beneficially owned by his minor child 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.