X0306 4 2017-02-14 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 Executive Chairman Stock Appreciation Right 2017-02-14 4 A 0 500000 0 A 2017-02-14 2027-02-14 Class A Common Stock 500000 2810000 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 $35.70 per stock appreciation right, which is the fair market value of one share as of the grant date, and the per share closing price of Sinclair Broadcast Group, Inc. common stock on the date of exercise. Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney 2017-02-17