X0306 4 2016-09-15 0 0001469372 MSG NETWORKS INC. MSGN 0000933028 DOLAN JAMES LAWRENCE 11 PENNSYLVANIA PLAZA NEW YORK NY 10001 1 1 0 1 Executive Chairman Member of 13D Group Class A Common Stock 2016-09-16 4 M 0 15280 0.00 A 331620 D Class A Common Stock 2016-09-16 4 F 0 7498 18.13 D 324122 D Class A Common Stock 22813 I By Spouse Class A Common Stock 388 I 401(k) Class A Common Stock 3157 I By Members of Household Class A Common Stock 1475 I By Minor Children Options (Right to Buy) 17.81 2016-09-15 4 A 0 534521 0.00 A 2017-09-15 2024-03-15 Class A Common Stock 534521 534521 D Restricted Stock Units 2016-09-16 4 M 0 15280 0.00 D 2016-09-17 2016-09-17 Class A Common Stock 15280 0 D Each restricted stock unit ("RSU") was granted on September 17, 2013 under the MSG Networks Inc. ("MSGN") 2010 Employee Stock Plan, as amended. The RSU vested on September 16, 2016. Includes shares held jointly with spouse. Represents RSUs of MSGN withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3. Securities held directly (or through 401(k) plan) by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Reporting Person disclaims beneficial ownership of the securities of MSGN beneficially owned and deemed to be beneficially owned by members of his household and this filing shall not be deemed an admission that the Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Reporting Person disclaim beneficial ownership of all securities of MSGN beneficially owned and deemed to be beneficially owned by his minor children and this filing shall not be deemed an admission that Reporting Person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Grant of options under the MSGN 2010 Employee Stock Plan, as amended, exempt under Rule 16b-3. The options are scheduled to vest in three equal installments on September 15, 2017, September 15, 2018 and September 15, 2019. Each restricted stock unit is granted under the MSGN 2010 Employee Stock Plan, as amended, and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. /s/ James L. Dolan 2016-09-19