J. Duncan Smith - Dec 31, 2021 Form 5 Insider Report for SINCLAIR BROADCAST GROUP INC (SBGI)

Role
Secretary, Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of J. Duncan Smith, by Power of Attorney
Stock symbol
SBGI
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/10/2022, 01:49 PM
Next filing
Mar 14, 2022

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 Class B Common Stock Gift $0 +122K +2.15% $0.00 5.81M Mar 17, 2021 Class B Common Stock 122K $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 -122K -17.02% $0.00 595K Mar 17, 2021 Class B Common Stock 122K $0.00 By 2020 Irrevocable Trust F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Distribution of Class B Common Stock to the Reporting Person from independent trustee pursuant to the terms of the Irrevocable Trust Agreement dated March 17, 2020.
F2 The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.
F3 After giving effect to the transactions reported on this Form 5, the Reporting Person directly owns 5,806,686 shares of Class B Common Stock at the end of the issuer's fiscal year.
F4 The Reporting Person also directly owns (i) 185 shares of Class A Common Stock and (ii) 12,637.84973 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns 137,154 shares of Class A Common Stock divided equally among three irrevocable trusts each for the benefit of a child of the Reporting Person of which the Reporting Person is a co-trustee.
F5 The Reporting Person has the right to substitute the corpus of the trust.