Smith David D Form 4 SINCLAIR BROADCAST / DAVID D SMITH ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SMITH DAVID D

(Last)

(First)

(Middle)

C/O SINCLAIR BROADCAST GROUP

10706 BEAVER DAM ROAD

(Street)

COCKEYSVILLE

21030

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SINCLAIR BROADCAST GROUP INC [ SBGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	$0	03/02/2022		G⁽¹⁾	V		1,500,000	⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	5,411,072⁽³⁾⁽⁴⁾	D
Class B Common Stock	$0	03/02/2022		A⁽⁵⁾	V	1,500,000		⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	1,500,000⁽³⁾⁽⁴⁾	I	By Irrevocable Trust/BECS 2022 Series I⁽⁶⁾
Class B Common Stock	$0	03/02/2022		G⁽¹⁾	V		1,500,000	⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	3,911,072⁽³⁾⁽⁴⁾	D
Class B Common Stock	$0	03/02/2022		A⁽⁵⁾	V	1,500,000		⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	1,500,000⁽³⁾⁽⁴⁾	I	By Irrevocable Trust/DBS 2022 Series I⁽⁶⁾
Class B Common Stock	$0	03/02/2022		G⁽¹⁾	V		1,500,000	⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	2,411,072⁽³⁾⁽⁴⁾	D
Class B Common Stock	$0	03/02/2022		A⁽⁵⁾	V	1,500,000		⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	1,500,000⁽³⁾⁽⁴⁾	I	By Irrevocable Trust/JBSS 2022 Series I⁽⁶⁾
Class B Common Stock	$0	03/02/2022		G⁽¹⁾	V		1,500,000	⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	911,072⁽³⁾⁽⁴⁾	D
Class B Common Stock	$0	03/02/2022		A⁽⁵⁾	V	1,500,000		⁽²⁾	⁽²⁾	Class B Common Stock	1,500,000	$0	1,500,000⁽³⁾⁽⁴⁾	I	By Irrevocable Trust/MJSS 2022 Series I⁽⁶⁾

Explanation of Responses:

1. Gift to Trust f/b/o Reporting Person's child.

2. The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date.

3. After giving effect to the transactions reported on this Form 4, the Reporting Person directly owns 911,072 shares of Class B Common Stock.

4. The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock (ii) 311,851 shares of Class A Common Stock issued as Restricted Stock, and (iii) 13,656.016489 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit.

5. Acquired by gift from Reporting Person.

6. The Reporting Person has the right to substitute the corpus of the trust.

	Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney	03/04/2022
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Smith David D Form 4SINCLAIR BROADCAST / DAVID D SMITH ownership change