SEC Form 4 · accession 0001209191-18-049080
Madison Square Garden Sports Corp. · MSGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Lustgarten
Officer — President
Period of report
Aug 29, 2018
Accepted (ET)
Aug 31, 2018 · 4:17 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 | Aug 30, 2018 | M | 1,076 | $0.00 | A | 1,326 | D | |
| Class A Common Stock | Aug 30, 2018 | F | 410 | $303.52 | D | 916 | 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 | — | Aug 30, 2018 | M | 1,076 | D | — | Aug 30, 2018 | Class A Common Stock | 1,076 | 2,153 | D |
| Restricted Stock UnitsF3,F4 | — | Aug 29, 2018 | A | 4,885 | A | — | Sep 15, 2021 | Class A Common Stock | 4,885 | 4,885 | D |
Explanation of responses
- F12,100 restricted stock units ("RSU") were granted on August 30, 2017 and 1,129 RSUs were granted on April 19, 2018 under The Madison Square Garden Company ("MSG") 2015 Employee Stock Plan and represent 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 August 30, 2018. One-third of the RSUs will vest on August 30, 2019. One-third of the RSUs will vest on August 30, 2020.
- 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 MSG 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
- F4The RSUs vest and are settled in three equal installments on September 15, 2019, September 15, 2020 and September 15, 2021.