David D. Smith - Mar 2, 2022 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC (SBGI)

Role
Executive Chairman, Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
Stock symbol
SBGI
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 03:10 PM
Previous filing
Feb 2, 2022
Next filing
Jul 12, 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 -1.5M -21.7% $0.00 5.41M Mar 2, 2022 Class B Common Stock 1.5M $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Award $0 +1.5M $0.00 1.5M Mar 2, 2022 Class B Common Stock 1.5M $0.00 By Irrevocable Trust/BECS 2022 Series I F2, F3, F4, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1.5M -27.72% $0.00 3.91M Mar 2, 2022 Class B Common Stock 1.5M $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Award $0 +1.5M $0.00 1.5M Mar 2, 2022 Class B Common Stock 1.5M $0.00 By Irrevocable Trust/DBS 2022 Series I F2, F3, F4, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1.5M -38.35% $0.00 2.41M Mar 2, 2022 Class B Common Stock 1.5M $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Award $0 +1.5M $0.00 1.5M Mar 2, 2022 Class B Common Stock 1.5M $0.00 By Irrevocable Trust/JBSS 2022 Series I F2, F3, F4, F5, F6
transaction SBGI Class B Common Stock Gift $0 -1.5M -62.21% $0.00 911K Mar 2, 2022 Class B Common Stock 1.5M $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Award $0 +1.5M $0.00 1.5M Mar 2, 2022 Class B Common Stock 1.5M $0.00 By Irrevocable Trust/MJSS 2022 Series I F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gift to Trust f/b/o Reporting Person's child.
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 4, the Reporting Person directly owns 911,072 shares of Class B Common Stock.
F4 The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock (ii) 311,851 shares of Class A Common Stock issued as Restricted Stock, and (iii) 13,656.016489 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit.
F5 Acquired by gift from Reporting Person.
F6 The Reporting Person has the right to substitute the corpus of the trust.