SEC Form 4 · accession 0001209191-17-053323
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dawn Darino-Gorski
Officer — SVP, Controller & PAO
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 5:12 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 15, 2017 | M | 3,090 | $0.00 | A | 7,803 | D | |
| Class A Common Stock | Sep 15, 2017 | F | 1,142 | $21.25 | D | 6,661 | 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 | — | Sep 15, 2017 | M | 3,090 | D | — | Sep 15, 2019 | Class A Common Stock | 3,090 | 6,180 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on September 15, 2016 under the MSG Networks Inc. ("Networks") 2010 Employee Stock Plan, as amended. One-third of the RSUs vested and were settled on September 15, 2017. The remaining two-thirds of the RSUs vest on September 15, 2018 and September 15, 2019.
- F2Represents RSUs of Networks withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.