James L. Dolan - 15 Sep 2021 Form 4 Insider Report for Madison Square Garden Sports Corp. (MSGS)

Role
Executive Chairman, Director, Member of 13(d) Group
Signature
/s/ James L. Dolan
Issuer symbol
MSGS
Transactions as of
15 Sep 2021
Net transactions value
-$2,731,477
Form type
4
Filing time
17 Sep 2021, 16:31:18 UTC
Previous filing
31 Aug 2021
Next filing
11 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSGS Class A Common Stock Options Exercise $0 +4,071 +2.2% $0.000000 190,861 15 Sep 2021 Direct F1, F2, F3
transaction MSGS Class A Common Stock Options Exercise $0 +812 +0.43% $0.000000 191,673 15 Sep 2021 Direct F2, F3, F4
transaction MSGS Class A Common Stock Options Exercise $0 +5,399 +2.8% $0.000000 197,072 15 Sep 2021 Direct F2, F3, F5
transaction MSGS Class A Common Stock Options Exercise $0 +3,746 +1.9% $0.000000 200,818 15 Sep 2021 Direct F2, F3, F6
transaction MSGS Class A Common Stock Tax liability $1,344,980 -7,451 -3.7% $180.51 193,367 15 Sep 2021 Direct F2, F3, F7
transaction MSGS Class A Common Stock Options Exercise $0 +12,211 +6.3% $0.000000 205,578 15 Sep 2021 Direct F2, F3, F8
transaction MSGS Class A Common Stock Options Exercise $0 +2,436 +1.2% $0.000000 208,014 15 Sep 2021 Direct F2, F3, F9
transaction MSGS Class A Common Stock Tax liability $1,386,497 -7,681 -3.7% $180.51 200,333 15 Sep 2021 Direct F2, F3, F10
holding MSGS Class A Common Stock 7,604 15 Sep 2021 By Spouse F11
holding MSGS Class A Common Stock 491 15 Sep 2021 By Minor Children F12

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 MSGS Restricted Stock Units Options Exercise $0 -4,071 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 4,071 Direct F1, F3
transaction MSGS Restricted Stock Units Options Exercise $0 -812 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 812 Direct F3, F4
transaction MSGS Restricted Stock Units Options Exercise $0 -5,399 -50% $0.000000 5,399 15 Sep 2021 Class A Common Stock 5,399 Direct F3, F5
transaction MSGS Restricted Stock Units Options Exercise $0 -3,746 -33% $0.000000 7,494 15 Sep 2021 Class A Common Stock 3,746 Direct F3, F6
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -12,211 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 12,211 Direct F3, F8
transaction MSGS Performance Restricted Stock Units Options Exercise $0 -2,436 -100% $0.000000* 0 15 Sep 2021 Class A Common Stock 2,436 Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted on August 29, 2018 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 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 September 13, 2019. One-third of the RSUs vested and were settled on September 15, 2020.The remaining one-third of the RSUs vested and were settled on September 15, 2021.
F2 Includes shares held jointly with spouse.
F3 Securities held directly by James L. Dolan, Kristin A. Dolan's spouse or jointly by James L. Dolan and Kristin A. Dolan. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F4 Each RSU was granted on October 3, 2018 under the 2015 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 September 15, 2019. One-third of the RSUs vested and were settled on September 15, 2020. The remaining one-third of the RSUs vested and were settled on September 15, 2021.
F5 Each RSU was granted on August 28, 2019 under the 2015 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 September 15, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
F6 Each RSU was granted on August 27, 2020 under the 2015 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 September 15, 2021. One-third of the RSUs will vest on September 15, 2022. The remaining one-third of the RSUs will vest on September 15, 2023.
F7 Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 4, 5 and 6, exempt under Rule 16b-3.
F8 Each performance restricted stock unit ("PSU") was granted on August 29, 2018 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021 and the PSUs vested and were settled on September 15, 2021.
F9 Each PSU was granted on October 3, 2018 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021 and the PSUs vested and were settled on September 15, 2021.
F10 Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 8 and 9 above, exempt under Rule 16b-3.
F11 Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F12 Reporting Persons disclaim beneficial ownership of all securities of MSGS beneficially owned and deemed to be beneficially owned by their minor children and this filing shall not be deemed an admission that Reporting Persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.