Kathleen M. Dolan - Jul 9, 2021 Form 4 Insider Report for MSG NETWORKS INC. (MSGN)

Role
Member of 13(d) Group
Signature
/s/ Richard Baccari, Attorney-in-Fact for Kathleen M. Dolan
Stock symbol
MSGN
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 04:53 PM
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGN Class A Common Stock Other -4.71K -100% 0 Jul 9, 2021 Direct F1
transaction MSGN Class A Common Stock Other -1.85K -100% 0 Jul 9, 2021 By Children F1, F2
transaction MSGN Class A Common Stock Other -271K -100% 0 Jul 9, 2021 By Trusts F1, F3

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 Class B Common Stock Other -5.47M -100% 0 Jul 9, 2021 Class A Common Stock 5.47M By Trusts F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kathleen M. Dolan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock and Class B Common Stock, as applicable, of MSG Networks Inc. ("MSGN") disposed of as a result of the conversion of MSGN Class A Common Stock and MSGN Class B Common Stock to Class A Common Stock and Class B Common Stock, as applicable, of Madison Square Garden Entertainment Corp. ("MSGE") 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"), calculated based on (x) the number of shares of MSGN Class A Common Stock or MSGN Class B Common Stock, respectively, multiplied by (y) 0.172, and rounded up to the next whole share. On July 8, 2021 (the day prior to the Merger), the closing price of one share of MSGE Class A Common Stock was $82.28.
F2 The Reporting Person disclaims beneficial ownership of all shares of MSGN beneficially owned or deemed to be beneficially owned by the Reporting Person as custodian for her children and this filing shall not be deemed an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F3 Reflects securities held by trusts for which the Reporting Person serves as co-trustee. The Reporting Person disclaims beneficial ownership of all shares of MSGN beneficially owned or deemed to be beneficially owned by the trusts and this report shall not be deemed to be an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 The MSGN Class B Common Stock was convertible at the option of the holder on a share for share basis into MSGN Class A Common Stock.