SEC Form 4 · accession 0001250842-19-000025
SINCLAIR BROADCAST GROUP INC · SBGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Ripley
Officer — President & CEO
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 2:37 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 A Common StockF1,F2,F3 | Feb 26, 2019 | A | 75,000 | — | A | 134,172 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF5,F4 | — | Feb 26, 2019 | A | 250,000 | A | Feb 26, 2019 | Feb 26, 2029 | Class A Common Stock | 250,000 | 475,000 | D |
Explanation of responses
- F1Common Stock issued as Restricted Stock which vests 50% on February 26, 2020 and 50% on February 26, 2021.
- F2N/A
- F3Common Stock issued as Restricted Stock. Reporting Person also owns 471.920342 shares of Class A Common Stock held in a 401(k) unitized stock fund.
- F4The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $32.81 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.
- F5Reporting Person also owns 375,000 shares of Class A Common Stock Options.