Vince McMahon Sells 1.55 Million World Wrestling Entertainment Inc (WWE) Shares

Page 3 of 6 – SEC Filing

SCHEDULE 13G/A

CUSIP NO. 98156Q108

Explanatory Note

This amended Statement on Schedule 13G relates to the 35,533,375 shares of the Class B Common Stock, $.01 par value per share (“Class B Common Stock”), of World Wrestling Entertainment, Inc. (the “Company”) beneficially owned by Vincent K. McMahon.  Mr. McMahon beneficially owns approximately 93.6% of the issued and outstanding shares of Class B Common Stock and approximately 85% of the Company’s total voting power.  Class B Common Stock is fully convertible into the Company’s Class A Common Stock, par value $.01 per share (“Class A Common Stock”), on a one-for-one basis, at any time at the option of the holder. Assuming the conversion of the shares of Class B Common Stock beneficially owned by Mr. McMahon as of the date hereof, Mr. McMahon would beneficially own approximately 48% of the issued and outstanding shares of the Company’s Class A Common Stock, based on the number of shares of Class A Common Stock outstanding as of July 27, 2016. The number of shares reported herein as beneficially owned by Mr. McMahon excludes 566,670 shares of Class B Common Stock and 100 shares of Class A Common Stock owned by Linda E. McMahon and Mr. McMahon disclaims beneficial ownership of those shares.

Item 1.
(a)		Name of Issuer
		World Wrestling Entertainment, Inc.
(b)		Address of Issuer’s Principal Executive Offices
		1241 East Main Street
		Stamford, Connecticut 06902
Item 2.
(a)		Name of Person Filing
		Vincent K. McMahon
(b)		Address of Principal Business Office or, if none, Residence
		c/o World Wrestling Entertainment, Inc.
		1241 East Main Street
		Stamford, Connecticut 06902
(c)		Citizenship
		United States of America