X0306 4 2017-09-22 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 2017-09-22 4 M 0 13230 0.00 A 339555 D Class A Common Stock 2017-09-22 4 F 0 6822 20.80 D 332733 D Class A Common Stock 23201 I By Spouse Class A Common Stock 3157 I By Members of Household Class A Common Stock 1475 I By Minor Children Restricted Stock Units 2017-09-22 4 M 0 13230 0.00 D 2017-09-22 2017-09-22 Class A Common Stock 13230 0 D Each restricted stock unit ("RSU") was granted on September 24, 2014 under the MSG Networks Inc. ("Networks") 2010 Employee Stock Plan, as amended. The RSUs vested on September 22, 2017. Includes shares held jointly with spouse. Represents RSUs of Networks 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 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 disclaim beneficial ownership of all securities of Networks beneficially owned and deemed to be beneficially owned by members of his household 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. Reporting Person disclaim beneficial ownership of all securities of Networks beneficially owned and deemed to be beneficially owned by his minor children 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. Each RSU is granted under the Networks 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 2017-09-26