SEC Form 4 · accession 0001250842-16-000060
SINCLAIR BROADCAST GROUP INC · SBGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David D Smith
Officer — President · Director · 10% Owner
Period of report
Mar 1, 2016
Accepted (ET)
Mar 4, 2016 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912752
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | — | Mar 1, 2016 | A | 400,000 | A | Mar 1, 2016 | Mar 1, 2026 | Class A Common Stock | 400,000 | 2,310,000 | D |
Explanation of responses
- F1The Stock Appreciation Right is exercisable at a price equal in value to the difference between the stock appreciation right's base value of $31.40 per stock appreciation right, which is the fair market value of one share as of the grant date, and the per share closing price of Sinclair Broadcast Group, Inc. common stock on the date of exercise.