DAVID R. BOCHENEK - 31 Jan 2022 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC

Role
Chief Accounting Officer
Signature
Clinton R. Black, V, Esq., on behalf of David Bochenek, by Power of Attorney
Issuer symbol
N/A
Transactions as of
31 Jan 2022
Net transactions value
-$69,722
Form type
4
Filing time
02 Feb 2022, 13:05:37 UTC
Next filing
16 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +5,194 +147% 8,719 31 Jan 2022 Direct F1, F2, F3
transaction SBGI Class A Common Stock Tax liability $69,722 -2,632 -30% $26.49 6,087 31 Jan 2022 Direct F3, F4

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 SBGI Stock Appreciation Right Award $0 +16,520 +76% $0.000000 38,210 31 Jan 2022 Class A Common Stock 16,520 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Stock issued as Restricted Stock, which vests 50% on January 31, 2023 and 50% on January 31, 2024.
F2 N/A
F3 Common Stock issued as Restricted Stock. Reporting Person also owns 1,413 shares of Class A Common Stock, 10,939 shares of Class A Common Stock held in a revocable trust, and 602.856 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
F4 Designates withholding of shares to satisfy the Reporting Person's tax liability
F5 The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $27.48 per stock appreciation right which is the fair market value of one share as of the grant date and the per share closing price of Sinclair Broadcast Group, Inc. common stock on the date of exercise.
F6 Stock Appreciation Right shall vest 50% on January 31, 2023 and 50% on January 31, 2024.