SEC Form 5 · accession 0001250842-19-000003
SINCLAIR BROADCAST GROUP INC · SBGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Duncan Smith
Officer — Secretary · Director · 10% Owner
Period of report
Dec 31, 2018
Accepted (ET)
Jan 28, 2019 · 7:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912752
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F3 | Dec 20, 2018 | G | 248,000 | $0.00 | A | 6,436,312 | D | |
| Class B Common StockF2,F3,F5 | Dec 20, 2018 | G | 248,000 | $0.00 | D | 248,000 | I | By 2018 Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Distribution of Class B Common Stock to Reporting Person from independent trustee pursuant to the terms of the Irrevocable Trust Agreement dated September 20, 2017.
- F2After giving effect to the transaction reported on this Form 5, the Reporting Person directly owns 6,436,312 shares of Class B Common Stock at the end of the issuer's fiscal year.
- F3The Reporting Person also directly owns (i) 185 shares of Class A Common Stock and (ii) 10,217.436936 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 137,154 shares of Class B Common Stock divided equally among three irrevocable trusts each for the benefit of a child of the Reporting Person of which the Reporting Person is a co-trustee and (ii) 252,000 shares of Class B Common Stock held in a irrevocable trust for the benefit of family members.
- F4Gifted to Trust f/b/o family members
- F5The Reporting Person has the right to substitute the corpus of the trust.