Lawrence J. Burian - Jul 9, 2021 Form 4 Insider Report for MSG NETWORKS INC. (MSGN)

Role
EVP and General Counsel
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for Lawrence J. Burian
Stock symbol
MSGN
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 04:34 PM
Next filing
Aug 23, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSGN Restricted Stock Units Disposed to Issuer -29.2K -100% 0 Jul 9, 2021 Class A Common Stock 29.2K Direct F1, F2, F3
transaction MSGN Restricted Stock Units Disposed to Issuer -11.9K -100% 0 Jul 9, 2021 Class A Common Stock 11.9K Direct F1, F2, F4
transaction MSGN Restricted Stock Units Disposed to Issuer -4.22K -100% 0 Jul 9, 2021 Class A Common Stock 4.22K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lawrence J. Burian is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each MSG Networks Inc. ("MSGN") restricted stock unit represented a right to receive one share of MSGN Class A Common Stock or the cash equivalent thereof.
F2 Represents MSGN restricted stock units ("MSGN RSUs") disposed of as a result of the conversion of MSGN RSUs to Madison Square Garden Entertainment Corp. ("MSGE") restricted stock units pursuant to the closing of the merger contemplated by the Agreement and Plan of Merger, dated as of March 25, 2021, by and among MSGE, Broadway Sub Inc. and MSGN, a transaction exempt under Rule 16b-3, calculated based on (x) the number of shares of MSGN Class A Common Stock subject to such MSGN RSUs, multiplied by (y) 0.172.
F3 The MSGN RSUs were scheduled to vest and settle in equal installments on September 15, 2021, September 15, 2022 and September 15, 2023.
F4 The MSGN RSUs were scheduled to vest and settle in equal installments on September 15, 2021 and September 15, 2022.
F5 The MSGN RSUs were scheduled to vest and settle on September 15, 2021.