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

Role
Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of Robert E. 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, 03:34 PM
Previous filing
Jun 30, 2021
Next filing
Jun 13, 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 +42K +0.71% $0.00 5.98M Mar 17, 2021 Class B Common Stock 42K $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 -42K -16.8% $0.00 208K Mar 17, 2021 Class B Common Stock 42K $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 5,978,804 shares of Class B Common Stock at the end of the issuer's fiscal year.
F4 The Reporting Person also directly owns 37,148 shares of Class A Common Stock and 754.956387 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns 145,000 shares of Class A Common Stock held in a trust f/b/o family members and 4,000 shares of Class A Common Stock held in accounts by or with immediate family members.
F5 The Reporting Person has the right to substitute the corpus of the trust.