Joshua W. Sapan - Mar 9, 2022 Form 4 Insider Report for AMC Networks Inc. (AMCX)

Role: Executive Vice Chairman
Signature: /s/ Anne G. Kelly, Attorney-in-fact for Joshua W. Sapan
Stock symbol: AMCX
Transactions as of: Mar 9, 2022
Transactions value $: -$5,795,154
Form type: 4
Date filed: 3/11/2022, 03:47 PM
Previous filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Award	$0	+149K	+52.81%	$0.00	432K	Mar 9, 2022	Direct	F1
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	-$3.09M	-79.5K	-18.39%	$38.89	353K	Mar 9, 2022	Direct	F2
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise	$0	+29.5K	+8.37%	$0.00	382K	Mar 9, 2022	Direct	F3
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	-$611K	-15.7K	-4.11%	$38.89	367K	Mar 9, 2022	Direct	F4
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise	$0	+67.9K	+18.53%	$0.00	434K	Mar 9, 2022	Direct	F5
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	-$1.41M	-36.1K	-8.32%	$38.89	398K	Mar 9, 2022	Direct	F6
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Options Exercise	$0	+33.2K	+8.34%	$0.00	432K	Mar 9, 2022	Direct	F7
transaction	AMCX	AMC Networks Inc. Class A Common Stock	Tax liability	-$687K	-17.7K	-4.09%	$38.89	414K	Mar 9, 2022	Direct	F8

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	AMCX	Restricted Stock Units	Options Exercise		-29.5K	-100%		0	Mar 9, 2022	AMC Networks Inc. Class A Common Stock	29.5K		Direct	F3
transaction	AMCX	Restricted Stock Units	Options Exercise		-67.9K	-50%		67.9K	Mar 9, 2022	AMC Networks Inc. Class A Common Stock	67.9K		Direct	F5
transaction	AMCX	Restricted Stock Units	Options Exercise		-33.2K	-33.33%		66.4K	Mar 9, 2022	AMC Networks Inc. Class A Common Stock	33.2K		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Class A common stock was issued on March 9, 2022 upon the vesting of performance restricted stock units ("PRSUs"). The PRSUs were initially granted on March 8, 2019 under the AMC Networks Inc. 2016 Employee Stock Plan, and the number of shares of Class A common stock issued on March 9, 2022 was determined based on the achievement of performance criteria established at the time of grant.
F2	Represents PRSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of PRSUs described in footnote 1 above, exempt under Rule 16b-3.
F3	Each restricted stock unit ("RSU") was granted on March 8, 2019 under the AMC Networks Inc. 2016 Employee Stock Plan 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 March 9, 2020 and one-third of the RSUs vested and were settled on March 9, 2021. The remaining one-third of the RSUs vested and were settled on March 9, 2022.
F4	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.
F5	Each RSU was granted on March 8, 2020 under the AMC Networks Inc. 2016 Employee Stock Plan 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 March 9, 2021 and one-third of the RSUs vested and were settled on March 9, 2022. The remaining one-third of the RSUs will vest on March 9, 2023 subject to the achievement of certain performance measures.
F6	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.
F7	Each RSU was granted on March 12, 2021 under the AMC Networks Inc. 2016 Employee Stock Plan 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 March 9, 2022. The remaining two-thirds of the RSUs vest as follows: one-third on March 9, 2023 and one-third on March 9, 2024 subject to the achievement of certain performance measures.
F8	Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 7 above, exempt under Rule 16b-3.