Statement of Changes in Beneficial Ownership (4)
March 06 2023 - 2:59PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
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Weisbord Robert |
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) COO & President of Broadcast |
(Last)
(First)
(Middle)
717 CORIANDER CANYON COURT |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/2/2023 |
(Street)
LAS VEGAS, NV 89138
(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 | 3/2/2023 | | A | | 62617 (1) | A | (2) | 116247 (3) | D | |
Class A Common Stock | 3/2/2023 | | F(4) | | 24640 | D | $15.97 | 91607 (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 | (5) | 3/2/2023 | | A | | 93926 (6) | | 3/2/2024 | 3/2/2033 | Class A Common Stock | 93926 | $0 | 243926 | D | |
Explanation of Responses: |
(1) | Common Stock issued as Restricted Stock which vests 50% on March 2, 2024 and 50% on March 2, 2025. |
(2) | N/A |
(3) | Common Stock issued as Restricted Stock. The Reporting Person also owns 3,672 shares of Class A Common Stock, 3,906.441541 shares of Class A Common Stock held in a 401(k) unitized stock fund, and 10,245.88 shares of Class A Common Stock held in an Employee Stock Purchase Plan. |
(4) | Designates withholding of shares to satisfy the Reporting Person's tax liability |
(5) | The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $15.97 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. |
(6) | Stock Appreciation Right shall vest 50% on March 2, 2024 and 50% on March 2, 2025. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Weisbord Robert 717 CORIANDER CANYON COURT LAS VEGAS, NV 89138 |
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| COO & President of Broadcast |
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Signatures
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Clinton R. Black, V, Esq., on behalf of Robert Weisbord, by Power of Attorney | | 3/6/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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