Power David D. Smith - 27 Feb 2023 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC

Reporting relationship
Executive Chairman, Director, 10%+ Owner
Issuer ticker
N/A
Reported as of
27 Feb 2023
Net transaction value
+$100,200,000
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Feb 2023, 18:44:10 UTC
Prior SEC filing
12 Jul 2022
Next SEC filing
06 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney

Key filing fact

Power David D. Smith filed Form 4 for SINCLAIR BROADCAST GROUP INC on 28 Feb 2023.

Key facts

  • This page summarizes Power David D. Smith's Form 4 filing for SINCLAIR BROADCAST GROUP INC.
  • 12 reported transactions and 12 derivative rows are listed below.
  • Accepted by SEC: 28 Feb 2023, 18:44.

Change

  • Previous filing in this sequence was filed on 12 Jul 2022.
  • Current net transaction value: +$100,200,000.

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.

SBGI transaction Derivative

Class B Common Stock

Other

Transaction value
$25,050,000
Shares
+1,500,000
Change %
+165%
Price
$16.70
Shares after
2,411,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F1, F2, F3, F4
SBGI transaction Derivative

Class B Common Stock

Other

Transaction value
$25,050,000
Shares
+1,500,000
Change %
+62%
Price
$16.70
Shares after
3,911,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F1, F2, F3, F4
SBGI transaction Derivative

Class B Common Stock

Other

Transaction value
$25,050,000
Shares
+1,500,000
Change %
+38%
Price
$16.70
Shares after
5,411,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F1, F2, F3, F4
SBGI transaction Derivative

Class B Common Stock

Other

Transaction value
$25,050,000
Shares
+1,500,000
Change %
+28%
Price
$16.70
Shares after
6,911,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F1, F2, F3, F4
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
-1,500,000
Change %
-22%
Price
$0.000000
Shares after
5,411,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
+1,500,000
Change %
Price
$0.000000
Shares after
1,500,000
Date
27 Feb 2023
Ownership
By Irrevocable Trust/BECS 2023 Series I
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5, F6
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
-1,500,000
Change %
-28%
Price
$0.000000
Shares after
3,911,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
+1,500,000
Change %
Price
$0.000000
Shares after
1,500,000
Date
27 Feb 2023
Ownership
By Irrevocable Trust/DBS 2023 Series I
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5, F6
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
-1,500,000
Change %
-38%
Price
$0.000000
Shares after
2,411,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
+1,500,000
Change %
Price
$0.000000
Shares after
1,500,000
Date
27 Feb 2023
Ownership
By Irrevocable Trust/JBSS 2023 Series I
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5, F6
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
-1,500,000
Change %
-62%
Price
$0.000000
Shares after
911,072
Date
27 Feb 2023
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5
SBGI transaction Derivative

Class B Common Stock

Gift

Transaction value
$0
Shares
+1,500,000
Change %
Price
$0.000000
Shares after
1,500,000
Date
27 Feb 2023
Ownership
By Irrevocable Trust/MJSS 2023 Series I
Underlying class
Class B Common Stock
Underlying amount
1,500,000
Exercise price
$0.000000
Footnotes
F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Reporting Person exercised his right to substitute the corpus of the trust and withdrew the shares from the trust f/b/o Reporting Peron's child.

Footnote F2

The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.

Footnote F3

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) 14,624.375906 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.

Footnote F4

After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 911,072 shares of Class B Common Stock.

Footnote F5

Gifted to Trust f/b/o Reporting Person's child.

Footnote F6

The Reporting Person has the right to substitute the corpus of the trust.

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