Filing Details

Accession Number:
0001209191-16-141020
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-13 07:32:48
Reporting Period:
2016-09-09
Filing Date:
2016-09-13
Accepted Time:
2016-09-13 07:32:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1469372 Msg Networks Inc. MSGN () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
933028 Lawrence James Dolan Two Penn Plaza
New York NY 10121
Executive Chairman Yes Yes No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2016-09-09 4,546 $0.00 303,212 No 4 M Direct
Class A Common Stock Disposition 2016-09-09 1,639 $17.59 301,573 No 4 F Direct
Class A Common Stock Acquisiton 2016-09-12 14,767 $16.80 316,340 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2016-09-09 4,546 $0.00 4,546 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2016-09-12 1,209,206 $16.80 1,209,206 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
9,094 2018-09-11 No 4 M Direct
1,224,362 No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 22,813 Indirect By Spouse
Class A Common Stock 388 Indirect 401(k)
Class A Common Stock 3,157 Indirect By Members of Household
Class A Common Stock 1,475 Indirect By Minor Children
Footnotes
  1. Each restricted stock unit ("RSU") was granted on September 11, 2015 under the MSG Networks Inc. ("MSGN") 2010 Employee Stock Plan, as amended, 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 September 9, 2016. The remaining two-thirds of the RSUs vest on September 11, 2017 and September 11, 2018.
  2. Includes shares held jointly with spouse.
  3. Represents RSUs of MSGN withheld to satisfy tax withholding obligations in connection with the settlement of RSUs described in footnote 1 above, exempt under Rule 16b-3.
  4. Securities held directly (or through 401(k) plan) by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
  5. Reporting Person disclaims beneficial ownership of the securities of MSG Networks Inc. beneficially owned and deemed to be beneficially owned by members of his household and this filing shall not be deemed an admission that the Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
  6. Reporting Person disclaim beneficial ownership of all securities of MSG Networks Inc. beneficially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed an admission that Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
  7. MSG Networks Inc. Class B Common Stock (the "Class B Common Stock") is convertible at the option of the holder on a share for share basis into MSG Networks Inc. Class A Common Stock (the "Class A Common Stock").