J. Duncan Smith - Dec 31, 2022 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, 2022
Transactions value $
$0
Form type
5
Date filed
2/8/2023, 01:00 PM
Previous filing
Mar 14, 2022
Next filing
Feb 27, 2023

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 -500K -8.61% $0.00 5.31M Jul 11, 2022 Class B Common Stock 500K $0.00 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 +500K $0.00 500K Jul 11, 2022 Class B Common Stock 500K $0.00 By 2022 Irrevocable Trust Series II F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gifted to Trust f/b/o family members
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 transaction reported on this Form 5, the Reporting Person directly owns 5,306,686 shares of Class B Common 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)14,256.522244 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns 137,154 shares of Class B 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.