Joseph Lhota - 09 Jul 2021 Form 4 Insider Report for MSG NETWORKS INC.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 09 Jul 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 13 Jul 2021, 16:36:55 UTC
Next SEC filing: 14 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Mark C. Cresitello, Attorney-in-Fact for Joseph Lhota

Key filing fact

Joseph Lhota filed Form 4 for MSG NETWORKS INC. on 13 Jul 2021.

Key facts

This page summarizes Joseph Lhota's Form 4 filing for MSG NETWORKS INC..
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 13 Jul 2021, 16:36.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSGN transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -32,052
Change %: -100%
Price
Shares after: 0
Date: 09 Jul 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 32,052
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Joseph Lhota is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Each MSG Networks Inc. ("MSGN") restricted stock unit represented a right to receive one share of MSGN Class A Common Stock or the cash equivalent thereof.

Footnote F2

Represents MSGN restricted stock units ("MSGN RSUs") disposed of as a result of the conversion of MSGN RSUs to Madison Square Garden Entertainment Corp. ("MSGE") restricted stock units pursuant to the closing of the merger contemplated by the Agreement and Plan of Merger, dated as of March 25, 2021, by and among MSGE, Broadway Sub Inc. and MSGN (the "Merger"), a transaction exempt under Rule 16b-3, calculated based on (x) the number of shares of MSGN Class A Common Stock subject to such MSGN RSUs, multiplied by (y) 0.172.

Footnote F3

The MSGN RSUs were fully vested on the date of grant and, prior to the Merger, would have been settled in stock or in cash on the first business day 90 days after service on the Board of Directors ceased.