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 | -39.3K | -100% | 0 | Jul 9, 2021 | Class A Common Stock | 39.3K | Direct | F1, F2, F3 |
John L. Sykes is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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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 (the "Merger"), 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 fully vested on the date of grant and, prior to the Merger, would have been settled in stock or in cash on the first business day 90 days after service on the Board of Directors ceased. |