SEC Form 4 · accession 0001209191-17-054271
Madison Square Garden Sports Corp. · MSGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J. Lynn
Officer — SVP & Treasurer
Period of report
Sep 26, 2017
Accepted (ET)
Sep 28, 2017 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001636519
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 26, 2017 | M | 314 | $0.00 | A | 4,404 | D | |
| Class A Common Stock | Sep 26, 2017 | F | 116 | $209.62 | D | 4,288 | 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 26, 2017 | M | 314 | D | — | Sep 26, 2019 | Class A Common Stock | 314 | 626 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on September 26, 2016 under The Madison Square Garden Company ("MSG") 2015 Employee Stock Plan 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 26, 2017. The remaining two-thirds of the RSUs vest on September 26, 2018 and September 26, 2019.
- F2Represents RSUs of MSG withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.