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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (2) | 08/27/2024 | A | 14,318 | (3) | 09/15/2027 | Class A Common Stock | 14,318 | $ 0 | 14,318 | D | ||||
| Restricted Stock Units | (2) | 08/27/2024 | M(1) | 687 | (3) | 09/15/2027 | Class A Common Stock | 687 | $ 0 | 13,631 | D | ||||
| Restricted Stock Units | (2) | 08/27/2024 | A | 14,318 | (4) | 09/15/2027 | Class A Common Stock | 14,318 | $ 0 | 14,318 | D | ||||
| Restricted Stock Units | (2) | 08/27/2024 | M(1) | 687 | (4) | 09/15/2027 | Class A Common Stock | 687 | $ 0 | 13,631 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| GREENBERG ANDREA 11 PENNSYLVANIA PLAZA NEW YORK, NY 10121 |
President/CEO-MSG Networks | |||
| /s/ Mark C. Cresitello, Attorney-in-Fact for Andrea Greenberg | 08/29/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents restricted stock units ("RSUs") of Sphere Entertainment Co. ("SPHR") withheld to satisfy FICA tax withholding obligations arising in connection with the RSUs described in footnote 2 as a result of certain vesting rights contained in the Reporting Person's employment agreement, exempt under Rule 16b-3. |
| (2) | Each RSU is granted under the Sphere Entertainment Co. 2020 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. |
| (3) | The RSUs are scheduled to vest and settle in three equal installments on September 15, 2025, September 15, 2026 and September 15, 2027. |
| (4) | The RSUs are scheduled to vest and settle on September 15, 2027. |