Statement of Changes in Beneficial Ownership (4)
February 23 2021 - 2:14PM
Edgar (US Regulatory)
FORM 4
[ ]
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
*
Ripley Christopher |
2. Issuer Name and Ticker or Trading Symbol
SINCLAIR BROADCAST GROUP INC
[
SBGI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
10706 BEAVER DAM ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/19/2021 |
(Street)
COCKEYSVILLE, 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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Class A Common Stock | 2/19/2021 | | A | | 182815 (1) | A | (2) | 468014 (3) | D | |
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 |
Stock Appreciation Rights | (4) | 2/19/2021 | | A | | 548446 | | 2/19/2021 | 2/19/2031 | Class A Common Stock | 548446 | $0 | 1661744 (5) | D | |
Explanation of Responses: |
(1) | Common Stock issued as Restricted Stock, which vests 50% on February 19, 2022 and 50% on February 19, 2023. |
(2) | N/A |
(3) | Common Stock issued as Restricted Stock. Reporting Person also owns 15,406 shares held in a revocable trust and 1273.470602 shares of Class A Common Stock held in a 401(k) unitized stock fund. |
(4) | The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $33.05 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. |
(5) | Reporting Person also owns 375,000 shares of Class A Common Stock Options. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ripley Christopher 10706 BEAVER DAM ROAD COCKEYSVILLE, MD 21030 |
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| President & CEO |
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Signatures
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Clinton R. Black, V, Esq., on behalf of Christopher Ripley, by Power of Attorney | | 2/23/2021 |
**Signature of Reporting Person | Date |
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