SEC Form 4 · accession 0001209191-18-051463
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 14, 2018
Accepted (ET)
Sep 18, 2018 · 4:20 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 | 7,023 | $0.00 | A | 55,703 | D | |
| Class A Common StockF2 | Sep 14, 2018 | M | 17,157 | $0.00 | A | 72,860 | D | |
| Class A Common Stock | Sep 14, 2018 | F | 12,867 | $24.35 | D | 59,993 | D | |
| Class A Common StockF4 | 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 14, 2018 | M | 7,023 | D | — | Sep 15, 2019 | Class A Common Stock | 7,023 | 7,024 | D |
| Restricted Stock UnitsF2 | — | Sep 14, 2018 | M | 17,157 | D | — | Sep 15, 2018 | Class A Common Stock | 17,157 | 0 | 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.
- F2Each RSU was granted on September 11, 2015 under Networks 2010 Employee Stock Plan, as amended, and represents the right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and settled on September 30, 2016. One-third of the RSUs vested and settled on September 30, 2017. The remaining one-third of the RSUs vested and settled on September 14, 2018.
- F3Represents RSUs of Networks withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1 and 2 above, exempt under Rule 16b-3.
- F4Reporting Person disclaim beneficial ownership of all securities of Networks 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.