X0202 4 2008-04-01 0 0000912752 SINCLAIR BROADCAST GROUP INC SBGI 0001016817 SMITH DAVID D C/O SINCLAIR BROADCAST GROUP 10706 BEAVER DAM ROAD COCKEYSVILLE MD 21030 1 1 1 0 President Stock Appreciation Right 2008-04-01 4 A 0 350000 0 A 2008-04-01 2018-04-01 Common Stock 350000 350000 D The stock appreciation right is exercisable at a price equal in value to the difference between the stock appreciation right's base value of $8.94 per stock appreciation right, which is the fair market value of the shares as of the grant date, and the per share closing price of Sinclair Broadcast Group, Inc.'s Class A Common Stock on the date of exercise. Clinton R. Black, IV, Esquire, on behalf of David D. Smith, by Power of Attorney 2008-04-09