Sec Form 4 Filing - Burian Lawrence J. @ Madison Square Garden Sports Corp. - 2021-09-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Burian Lawrence J.
2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden Sports Corp. [ MSGS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Corp. Development & GC
(Last) (First) (Middle)
TWO PENN PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
09/15/2021
(Street)
NEW YORK, NY10121-0091
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/15/2021 M 760 A $ 0 ( 1 ) 9,035 D
Class A Common Stock 09/15/2021 M 840 A $ 0 ( 2 ) 9,875 D
Class A Common Stock 09/15/2021 M 1,457 A $ 0 ( 3 ) 11,332 D
Class A Common Stock 09/15/2021 F( 4 ) 1,623 D $ 180.51 9,709 D
Class A Common Stock 09/15/2021 M 2,280 A $ 0 ( 5 ) 11,989 D
Class A Common Stock 09/15/2021 F( 6 ) 1,212 D $ 180.51 10,777 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 1 ) 09/15/2021 M 760 ( 1 ) 09/15/2021 Class A Common Stock 760 $ 0 0 D
Restricted Stock Units ( 2 ) 09/15/2021 M 840 ( 2 ) 09/15/2022 Class A Common Stock 840 $ 0 840 D
Restricted Stock Units ( 3 ) 09/15/2021 M 1,457 ( 3 ) 09/15/2023 Class A Common Stock 1,457 $ 0 2,914 D
Performance Restricted Stock Units ( 5 ) 09/15/2021 M 2,280 ( 5 ) 09/15/2021 Class A Common Stock 2,280 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Burian Lawrence J.
TWO PENN PLAZA
NEW YORK, NY10121-0091
EVP, Corp. Development & GC
Signatures
/s/ Mark C. Cresitello, Attorney-in-Fact for Lawrence J. Burian 09/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each restricted stock unit ("RSU") was granted on August 29, 2018 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan") and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2019. One-third of the RSUs vested and were settled on September 15, 2020. The remaining one-third of the RSUs vested and were settled on September 15, 2021.
( 2 )Each RSU was granted on August 29, 2019 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2020. One-third of the RSUs vested and were settled on September 15, 2021. The remaining one-third of the RSUs will vest on September 15, 2022.
( 3 )Each RSU was granted on August 27, 2020 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2021. One-third of the RSUs will vest on September 15, 2022. The remaining one-third of the RSUs will vest on September 15, 2023.
( 4 )Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 1, 2, and 3 exempt under Rule 16b-3.
( 5 )Each performance restricted stock unit ("PSU") was granted on August 29, 2018 under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The performance conditions were satisfied on August 27, 2021 and the PSUs vested and were settled on September 15, 2021.
( 6 )Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnote 5 above, exempt under Rule 16b-3.

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