Power J. Duncan Smith - 31 Dec 2022 Form 5 Insider Report for SINCLAIR BROADCAST GROUP INC

Role
Secretary, Director, 10%+ Owner
Signature
Clinton R. Black, V, Esq., on behalf of J. Duncan Smith, by Power of Attorney
Issuer symbol
N/A
Transactions as of
31 Dec 2022
Net transactions value
$0
Form type
5
Filing time
08 Feb 2023, 13:00:25 UTC
Previous filing
14 Mar 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

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 -500,000 -8.6% $0.000000 5,306,686 11 Jul 2022 Class B Common Stock 500,000 $0.000000 Direct F1, F2, F3, F4
transaction SBGI Class B Common Stock Gift $0 +500,000 $0.000000 500,000 11 Jul 2022 Class B Common Stock 500,000 $0.000000 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.