X0303 4 2010-02-24 0 0001469372 Madison Square Garden, Inc. MSG 0000932963 DOLAN PATRICK FRANCIS 340 CROSSWAYS PARK DRIVE WOODBURY NY 11797 0 0 0 1 Member of 13D Group Madison Square Garden, Inc. Class A Common Stock 32477 D Madison Square Garden, Inc. Class A Common Stock 1250 I By children Options (Right to Buy) 3.80 2010-02-24 4 J 0 2530 0 A 2010-02-24 2010-05-31 Madison Square Garden, Inc. Class A Common Stock 2530 2530 D Options (Right to Buy) 7.27 2010-02-24 4 J 0 1500 0 A 2010-02-24 2014-10-01 Madison Square Garden, Inc. 1500 1500 D Options (Right to Buy) 10.78 2010-02-24 4 J 0 1500 0 A 2010-02-24 2015-11-08 Madison Square Garden, Inc. Class A Common Stock 1500 1500 D Stock Appreciation Rights 3.80 2010-02-24 4 J 0 2530.5 0 D 2010-02-24 2010-05-31 Madison Square Garden, Inc. Class A Common Stock 2530.5 2530.5 D Reflects transfer of shares of Class A Common Stock previously owned directly by Cablevision Systems Corporation ("Cablevision") and its subsidiaries and received by Reporting Person and his spouse in connection with the legal and structural separation of Madison Square Garden, Inc. ("MSG") from Cablevision (the "Spin-off") in a transaction exempt under Rule 16a-9 and Rule 16a-13. Includes shares of restricted stock received by Reporting Person in connection with the Spin-off in a transaction exempt under Rule 16a-9. Includes shares held as tenants-in-common with spouse. Reflects transfer of shares of Class A Common Stock previously owned directly by Cablevision and its subsidiaries and received by Reporting Person as custodian for his children in connection with the Spin-off in a transaction exempt under Rule 16a-9 and Rule 16a-13. Reporting Person disclaims beneficial ownership of all shares beneficially owned by his children and this filing shall not be deemed an admission that he is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities. The exercise price was determined by allocating the exercise price for the option under the Cablevision equity plan between the existing Cablevision option and the MSG option based upon the ten-day weighted average prices of the Cablevision NY Group Class A Common Stock and the MSG Class A Common Stock immediately following the Spin-off. The underlying share amount takes into account the distribution ratio of four Cablevision shares of common stock to one share of MSG common stock. Represents options to purchase Class A Common Stock received by the Reporting Person in connection with the Spin-off, and granted pursuant to the MSG 2010 Employee Stock Plan, in a transaction exempt under Rules 16a-9 or 16b-6 and 16b-3. The options are fully exercisable and vested as of the date of this filing. The exercise price was determined by allocating the exercise price for the stock appreciation right ("SAR") under the Cablevision equity plan between the existing Cablevision SAR and the MSG SAR based upon the ten-day weighted average prices of the Cablevision NY Group Class A Common Stock and the MSG Class A Common Stock immediately following the Spin-off. The underlying share amount takes into account the distribution ratio of four Cablevision shares of common stock to one share of MSG common Stock. Represents SAR's in respect of Class A Common Stock received by Reporting Person in connection with the Spin-off, and granted pursuant to the Plan, in a transaction exempt under Rules 16a-9 or 16b-6 and 16b-3. The SAR's are fully vested and exercisable as of the date of this filing. By Brian G. Sweeney, Attorney-in-fact for Patrick F. Dolan 2010-02-26