SEC Form 4 · accession 0001209191-18-051453
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 14, 2018
Accepted (ET)
Sep 18, 2018 · 4:17 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 14, 2018 | M | 4,217 | $0.00 | A | 58,615 | D | |
| Class A Common Stock | Sep 14, 2018 | F | 2,065 | $24.35 | D | 56,550 | 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 14, 2018 | M | 4,217 | D | — | Sep 15, 2019 | Class A Common Stock | 4,217 | 4,217 | 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, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2017. One-third of the RSUs vested and were settled on September 14, 2018. The remaining one-third of the RSUs will vest on 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.