Sec Form 4 Filing - RUTISHAUSER LUCY @ SINCLAIR BROADCAST GROUP INC - 2021-02-19

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 RUTISHAUSER LUCY 2. Issuer Name and Ticker or Trading Symbol SINCLAIR BROADCAST GROUP INC [ SBGI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP & CFO (Last) (First) (Middle) 10706 BEAVER DAM RD 3. Date of Earliest Transaction (MM/DD/YY) 02/19/2021 (Street) COCKEYSVILLE, MD21203 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 02/19/2021 A 22,408 ( 1 ) A 74,496 ( 3 ) D Class A Common Stock 02/19/2021 F( 4 ) 10,821 D $ 32.755 63,675 ( 3 ) 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 Stock Appreciation Rights ( 5 ) 02/19/2021 A( 6 ) 82,267 02/19/2022 02/19/2031 Class A Common Stock 82,267 $ 0 178,012 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other RUTISHAUSER LUCY 10706 BEAVER DAM RD COCKEYSVILLE, MD21203 SVP & CFO Signatures Clinton R. Black, V, Esq., on behalf of Lucy Rutishauser, by Power of Attorney 02/23/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Common Stock issued as Restricted Stock. ( 2 )N/A ( 3 )Common Stock issued as Restricted Stock. Reporting Person also owns 5,926.278055 shares of Class A Common Stock held in a 401(k) unitized stock fund, and 5,616.041 shares of Class A Common Stock held in an Employee Stock Purchase Plan. ( 4 )Designates withholding of shares to satisfy the Reporting Person's tax liability ( 5 )The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $33.05 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. ( 6 )Stock Appreciation Right shall vest 50% on February 19, 2022 and 50% on February 19, 2023.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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