Hilton H. Howell Jr - Feb 7, 2023 Form 4/A - Amendment Insider Report for GRAY TELEVISION INC (GTN)

Role: Chairman, President & CEO, Director
Signature: /s/ Ginger Davis by Power of Attorney
Stock symbol: GTN
Transactions as of: Feb 7, 2023
Transactions value $: -$650,397
Form type: 4/A - Amendment
Date filed: 2/14/2023, 05:10 PM
Date Of Original Report: Feb 9, 2023
Previous filing: Feb 14, 2023
Next filing: Apr 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTN	Class A Common Stock	Award	$0	+25K	+1.54%	$0.00	1.65M	Feb 7, 2023	Direct	F1
transaction	GTN	Class A Common Stock	Tax liability	-$650K	-48.9K	-2.97%	$13.30	1.6M	Feb 7, 2023	Direct	F2
holding	GTN	Class A Common Stock						81.6K	Feb 7, 2023	Spouse
holding	GTN	Class A Common Stock						500	Feb 7, 2023	Children
holding	GTN	Class A Common Stock						999K	Feb 7, 2023	Trust F/B/O Children
holding	GTN	Common Stock						833K	Feb 7, 2023	Trust F/B/O Children
holding	GTN	Common Stock						618K	Feb 7, 2023	Direct
holding	GTN	Common Stock						59.6K	Feb 7, 2023	Spouse
holding	GTN	Common Stock						6.84K	Feb 7, 2023	By 401(k) Plan

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

Explanation of Responses:

Id	Content
F1	Represents issuance and vesting of shares above target award related to restricted stock for which the three-year performance period has ended and performance has been certified. The Reporting Person previously reported shares that constitute a target award.
F2	Certain of the amounts of forfeiture for tax withholding purposes upon the vesting of restricted stock initially reported in a Form 4 (the "February 2 Form 4") for the Reporting Person on February 2, 2023 was reported early in error, which forfeitures correctly occurred on February 7, 2023. The February 2 Form 4 has been amended accordingly. This amendment to the Form 4 filed on February 9, 2023 is being filed to correctly report the amount withheld on February 7, 2023, and does not report any new transactions.

Content

Represents issuance and vesting of shares above target award related to restricted stock for which the three-year performance period has ended and performance has been certified. The Reporting Person previously reported shares that constitute a target award.

Certain of the amounts of forfeiture for tax withholding purposes upon the vesting of restricted stock initially reported in a Form 4 (the "February 2 Form 4") for the Reporting Person on February 2, 2023 was reported early in error, which forfeitures correctly occurred on February 7, 2023. The February 2 Form 4 has been amended accordingly. This amendment to the Form 4 filed on February 9, 2023 is being filed to correctly report the amount withheld on February 7, 2023, and does not report any new transactions.