James Lawrence Dolan Form 4 CABLEVISION SYSTEMS / Kristin A Dolan 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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X

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^*

DOLAN JAMES LAWRENCE

(Last) (First) (Middle)

C/O SCOTT METSCH

KNICKERBOCKER GROUP LLC, PO BOX 420

(Street)

OYSTER BAY NY 11771

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CABLEVISION SYSTEMS CORP /NY [ CVC ]

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

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
CEO / Member of 13D Group

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2016

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

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

	Form filed by One Reporting Person
X	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)
			Code	V	Amount	(A) or (D)	Price
Cablevision NY Group Class A Common Stock	05/25/2016		M		264,000	A	$12.48	1,249,611(1)	D(2)
Cablevision NY Group Class A Common Stock	05/25/2016		F(3)		182,209	D	$34.64	1,067,402(1)	D(2)
Cablevision NY Group Class A Common Stock								214,381(4)	I(5)	By spouse
Cablevision NY Group Class A Common Stock								7,700	I(6)(7)	By minor children
Cablevision NY Group Class A Common Stock								14,750	I(6)(8)	By members of the household
Cablevision NY Group Class A Common Stock								1,866.149	I(5)	By spouse's 401(k)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (Right to Buy)	$12.48(9)	05/25/2016		M			264,000	06/05/2007(10)	06/05/2016	Cablevision NY Group Class A Common Stock	264,000	$0.00	0	D(2)

1. Name and Address of Reporting Person^*

DOLAN JAMES LAWRENCE

(Last) (First) (Middle)

C/O SCOTT METSCH

KNICKERBOCKER GROUP LLC, PO BOX 420

(Street)

OYSTER BAY NY 11771

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Dolan Kristin A

(Last) (First) (Middle)

C/O SCOTT METSCH

KNICKERBOCKER GROUP LLC, PO BOX 420

(Street)

OYSTER BAY NY 11771

(City) (State) (Zip)

Explanation of Responses:

1. Includes shares held jointly with Kristin A. Dolan.

2. Securities held directly by James L. Dolan, Kristin A. Dolan's spouse. Ms. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Mr. Dolan (other than securities held jointly with her spouse) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

3. Withholding of securities to pay exercise price and tax withholding exempt under Rule 16b-3(e).

4. Includes restricted shares.

5. Securities held directly by Kristin A. Dolan (or indirectly by Kristin A. Dolan through a 401(k) plan), Mr. Dolan's spouse, and indirectly held by James L. Dolan. James L. Dolan disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Excludes shares held jointly with James L. Dolan, which are reflected on James L. Dolan's direct holdings.

6. Reporting Persons disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that either is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

7. Shares of Class A Common Stock held by James L. Dolan, as custodian for the Reporting Persons' minor children.

8. Shares of Class A Common Stock held by members of the Reporting Persons' household.

9. Each stock option was previously reported at an exercise price of $20.51, but has been adjusted to reflect distributions.

10. Options vested in equal increments over three years beginning on June 5, 2007.

Remarks:

	/s/ James L. Dolan	05/27/2016
	/s/ Kristin A. Dolan	05/27/2016
	** 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).
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