SEC Form 4 · accession 0001209191-17-054035
MSG NETWORKS INC. · MSGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence J. Burian
Officer — EVP, GC & Secretary
Period of report
Sep 22, 2017
Accepted (ET)
Sep 26, 2017 · 5:37 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 22, 2017 | M | 8,340 | $0.00 | A | 45,923 | D | |
| Class A Common Stock | Sep 22, 2017 | F | 4,300 | $20.80 | D | 41,623 | 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 UnitsF3 | — | Sep 22, 2017 | M | 8,340 | D | Sep 22, 2017 | Sep 22, 2017 | Class A Common Stock | 8,340 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on September 24, 2014 under the MSG Networks Inc. ("Networks") 2010 Employee Stock Plan, as amended. The RSUs vested on September 22, 2017.
- 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.
- F3Each RSU is granted under the Networks 2010 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.