SEC Form 4 · accession 0001209191-18-049085
Madison Square Garden Sports Corp. · MSGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F Yospe
Officer — SVP, Controller & PAO
Period of report
Aug 29, 2018
Accepted (ET)
Aug 31, 2018 · 4:22 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 | 360 | $0.00 | A | 7,692 | D | |
| Class A Common Stock | Aug 30, 2018 | F | 122 | $305.52 | D | 7,570 | 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 | 360 | D | — | Aug 30, 2020 | Class A Common Stock | 360 | 720 | D |
| Restricted Stock UnitsF3,F4 | — | Aug 29, 2018 | A | 749 | A | — | Sep 15, 2021 | Class A Common Stock | 749 | 749 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") was granted on August 30, 2017 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 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 MSG 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.