Statement of Changes in Beneficial Ownership (4)
December 28 2020 - 11:49AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
SMITH DAVID D |
2. Issuer Name and Ticker or Trading Symbol
SINCLAIR BROADCAST GROUP INC
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SBGI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Chairman |
(Last)
(First)
(Middle)
C/O SINCLAIR BROADCAST GROUP, 10706 BEAVER DAM ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/23/2020 |
(Street)
HUNT VALLEY, MD 21030
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Class B Common Stock | $0 | 12/23/2020 | | P (1) | | 375000 | | (2) | (2) | Class B Common Stock | 375000 | $31.5 | 5786072.227 (3)(4) | D | |
Class B Common Stock | $0 | 12/23/2020 | | P (1) | | 375000 | | (2) | (2) | Class B Common Stock | 375000 | $31.5 | 6161072.227 (3)(4) | D | |
Class B Common Stock | $0 | 12/23/2020 | | P (1) | | 375000 | | (2) | (2) | Class B Common Stock | 375000 | $31.5 | 6536072.227 (3)(4) | D | |
Class B Common Stock | $0 | 12/23/2020 | | P (1) | | 375000 | | (2) | (2) | Class B Common Stock | 375000 | $31.5 | 6911072.227 (3)(4) | D | |
Explanation of Responses: |
(1) | The Reporting Person exercised his right to substitute the corpus of a trust and purchased the shares from a trust f/b/o Reporting Person's child. |
(2) | The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date. |
(3) | After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 6,911,072.227 shares of Class B Common Stock. |
(4) | The Reporting Person also directly owns (i) 756,332 shares of Class A Common Stock, (ii)12,493.398802 shares of Class A Common Stock held in a 401(k) unitized stock fund, and (iii) 346,938 shares of Class A Common Stock issued as Restricted Stock. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, (iv) 654,000 shares of Class A Common Stock held f/b/o David D. Smith Foundation, Inc., which the Reporting Person controls but does not derive any benefit. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SMITH DAVID D C/O SINCLAIR BROADCAST GROUP 10706 BEAVER DAM ROAD HUNT VALLEY, MD 21030 | X | X | Executive Chairman |
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Signatures
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Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney | | 12/28/2020 |
**Signature of Reporting Person | Date |
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