Key facts
- This page summarizes Brian G. Sweeney's Form 4 filing for MSG NETWORKS INC..
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 13 Jul 2021, 16:56.
Brian G. Sweeney - 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, 16:56:16 UTC
- Prior SEC filing
- 21 Jun 2021
- Next SEC filing
- 10 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Brian G. Sweeney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brian G. Sweeney filed Form 4 for MSG NETWORKS INC. on 13 Jul 2021.
Change
- Previous filing in this sequence was filed on 21 Jun 2021.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MSGN
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -27,057
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 09 Jul 2021
- Ownership
- Direct
- Footnotes
- F1, F2
MSGN
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -20,618
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 09 Jul 2021
- Ownership
- By Spouse
- Footnotes
- F1, F3
MSGN
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -6,750
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 09 Jul 2021
- Ownership
- By Trusts
- Footnotes
- F1, F4
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
- -56,001
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 09 Jul 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 56,001
- Exercise price
- Footnotes
- F2, F5, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Brian G. Sweeney is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
Represents shares of Class A Common Stock of MSG Networks Inc. ("MSGN") disposed of as a result of the conversion of MSGN Class A Common Stock to Class A Common Stock of Madison Square Garden Entertainment Corp. ("MSGE") 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 multiplied by (y) 0.172, and rounded up to the next whole share. On July 8, 2021 (the day prior to the Merger), the closing price of one share of MSGE Class A Common Stock was $82.28.
Footnote F2
Securities held directly by Brian G. Sweeney, Deborah A. Dolan-Sweeney's spouse. Ms. Dolan-Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Sweeney (other than securities in which she has a direct pecuniary interest) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
Footnote F3
Securities held directly by Deborah A. Dolan-Sweeney, Brian G. Sweeney's, spouse. Mr. Sweeney disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Deborah A. Dolan-Sweeney (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
Footnote F4
Securities held in trusts for which Mr. Sweeney serves as co-trustee. Both he and Ms. Dolan-Sweeney disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that they are, for the purposes of Section 16 or for any other purpose, the beneficial owners of such securities.
Footnote F5
Each MSGN restricted stock unit represented a right to receive one share of MSGN Class A Common Stock or the cash equivalent thereof.
Footnote F6
Represents MSGN restricted stock units ("MSGN RSUs") disposed as a result of the conversion of MSGN RSUs to MSGE restricted stock units pursuant to the closing of the Merger, a transaction exempt under Rule 16b-3, based on (x) the total number of shares of MSGN Class A Common Stock subject to such MSGN RSUs, multiplied by (y) 0.172.
Footnote F7
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.