SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY

(Last) (First) (Middle)
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE

(Street)
WOODBURY NY 11797

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MSG NETWORKS INC. [ MSGN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
3. Date of Earliest Transaction (Month/Day/Year)
07/09/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/09/2021 J 47,864(1) D (1) 0 D(2)
Class A Common Stock 07/09/2021 J 87,750(1) D (1) 0 D(3)
Class A Common Stock 07/09/2021 J 39,886(1) D (1) 0 D(4)
Class A Common Stock 07/09/2021 J 47,864(1) D (1) 0 D(5)
Class A Common Stock 07/09/2021 J 47,864(1) D (1) 0 D(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (7) 07/09/2021 J 918,981(1) (7) (7) Class A Common Stock 918,981(1) (1) 0 D(2)
Class B Common Stock (7) 07/09/2021 J 1,812,973(1) (7) (7) Class A Common Stock 1,812,973(1) (1) 0 D(3)
Class B Common Stock (7) 07/09/2021 J 926,958(1) (7) (7) Class A Common Stock 926,958(1) (1) 0 D(4)
Class B Common Stock (7) 07/09/2021 J 918,981(1) (7) (7) Class A Common Stock 918,981(1) (1) 0 D(5)
Class B Common Stock (7) 07/09/2021 J 890,802(1) (7) (7) Class A Common Stock 890,802(1) (1) 0 D(6)
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY

(Last) (First) (Middle)
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE

(Street)
WOODBURY NY 11797

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO JAMES L. DOLAN

(Last) (First) (Middle)
KNICKERBOCKER GROUP LLC
PO BOX 420

(Street)
OYSTER BAY NY 11771

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO THOMAS C. DOLAN

(Last) (First) (Middle)
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE

(Street)
WOODBURY NY 11797

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO KATHLEEN M. DOLAN

(Last) (First) (Middle)
C/O RICHARD BACCARI
MLC VENTURES LLC, PO BOX 1014

(Street)
YORKTOWN HEIGHTS NY 10598

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
1. Name and Address of Reporting Person*
CHARLES F. DOLAN CHILDREN TRUST FBO MARIANNE DOLAN WEBER

(Last) (First) (Middle)
C/O RICHARD BACCARI
MLC VENTURES LLC, PO BOX 1014

(Street)
YORKTOWN HEIGHTS NY 10598

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
Explanation of Responses:
1. Represents shares of Class A Common Stock and Class B Common Stock, as applicable, of MSG Networks Inc. ("MSGN") disposed of as a result of the conversion of MSGN Class A Common Stock and MSGN Class B Common Stock to Class A Common Stock and Class B Common Stock, as applicable, 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"), calculated based on (x) the number of shares of MSGN Class A Common Stock or MSGN Class B Common Stock, respectively, 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.
2. Securities owned solely by the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, which is a member of a "group" with the other reporting persons for purposes of Section 13(d) of the Exchange Act. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
3. Securities owned solely by the Charles F. Dolan Children Trust FBO James L. Dolan, which is a member of a "group" with the other reporting persons for purposes of Section 13(d) of the Exchange Act. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
4. Securities owned solely by the Charles F. Dolan Children Trust FBO Thomas C. Dolan, which is a member of a "group" with the other reporting persons for purposes of Section 13(d) of the Exchange Act. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
5. Securities owned solely by the Charles F. Dolan Children Trust FBO Kathleen M. Dolan, which is a member of a "group" with the other reporting persons for purposes of Section 13(d) of the Exchange Act. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
6. Securities owned solely by the Charles F. Dolan Children Trust FBO Marianne Dolan Weber, which is a member of a "group" with the other reporting persons for purposes of Section 13(d) of the Exchange Act. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the other reporting persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
7. The MSGN Class B Common Stock was convertible at the option of the holder on a share for share basis into MSGN Class A Common Stock.
Remarks:
CHARLES F. DOLAN CHILDREN TRUST FBO DEBORAH DOLAN-SWEENEY By: /s/ Brian G. Sweeney, Attorney-in-Fact 07/13/2021
CHARLES F. DOLAN CHILDREN TRUST FBO JAMES L. DOLAN By: /s/ Brian G. Sweeney, Attorney-in-Fact 07/13/2021
CHARLES F. DOLAN CHILDREN TRUST FBO THOMAS C. DOLAN By: /s/ Brian G. Sweeney, Attorney-in-Fact 07/13/2021
CHARLES F. DOLAN CHILDREN TRUST FBO KATHLEEN M. DOLAN By: /s/ Brian G. Sweeney, Attorney-in-Fact 07/13/2021
CHARLES F. DOLAN CHILDREN TRUST FBO MARIANNE DOLAN WEBER By: /s/ Brian G. Sweeney, Attorney-in-Fact 07/13/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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