James Lawrence Dolan Form 4 Madison Square Garden Sports / JAMES LAWRENCE 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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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)

TWO PENN PLAZA

(Street)

NEW YORK NY 10121-0091

(City) (State) (Zip)

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)

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
Executive Chairman / Member of 13(d) Group

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2020

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
Class A Common Stock	08/27/2020		A		17,473	A	$0.00(1)	185,254(2)	D(3)
Class A Common Stock	08/27/2020		A		1,420	A	$0.00(4)	186,674(2)	D(3)
Class A Common Stock	08/27/2020		F(5)		8,350	D	$167.11	178,324(2)	D(3)
Class A Common Stock	08/28/2020		M		474	A	$0.00(6)	178,798(2)	D(3)
Class A Common Stock	08/28/2020		M		5,830	A	$0.00(7)	184,628(2)	D(3)
Class A Common Stock	08/28/2020		F(8)		3,086	D	$171.48	181,542(2)	D(3)
Class A Common Stock								7,604	I(9)	By Spouse
Class A Common Stock								491	I(10)	By Minor Children

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
Restricted Stock Units	(11)	08/27/2020		A		11,240		(12)	09/15/2023	Class A Common Stock	11,240	$0.00	11,240	D(3)
Restricted Stock Units	(6)	08/28/2020		M			474	(6)	08/28/2020	Class A Common Stock	474	$0.00	0	D(3)
Restricted Stock Units	(7)	08/28/2020		M			5,830	(7)	08/28/2020	Class A Common Stock	5,830	$0.00	0	D(3)

1. Name and Address of Reporting Person^*

DOLAN JAMES LAWRENCE

(Last) (First) (Middle)

TWO PENN PLAZA

(Street)

NEW YORK NY 10121-0091

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Dolan Kristin A

(Last) (First) (Middle)

TWO PENN PLAZA

(Street)

NEW YORK NY 10121-0091

(City) (State) (Zip)

Explanation of Responses:

1. Each performance restricted stock unit ("PSU") was granted on August 30, 2017 under the Madison Square Garden Sports Corp. ("MSGS") 2015 Employee Stock Plan (the "2015 Employee Stock Plan"). The PSUs vested on August 27, 2020 upon the achievement of performance criteria established at the time of grant.

2. Includes shares held jointly with spouse.

3. Securities held directly by James L. Dolan, Kristin A. Dolan's spouse or jointly by James L. Dolan and Kristin A. Dolan. 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.

4. Each PSU was granted on October 3, 2018 under the 2015 Employee Stock Plan. The PSUs vested on August 27, 2020 upon the achievement of performance criteria established at the time of grant.

5. Represents PSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of PSUs described in footnotes 1 and 4 above, exempt under Rule 16b-3.

6. Each restricted stock unit ("RSU") was granted on October 3, 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. Two-thirds of the RSUs vested and settled on August 30, 2019. The remaining one-third of the RSUs vested and settled on August 28, 2020.

7. Each RSU was granted on August 30, 2017 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 August 30, 2018. One-third of the RSUs vested and were settled on August 30, 2019. The remaining one-third of the RSUs vested and settled on August 28, 2020.

8. Represents RSUs of MSGS withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnotes 6 and 7, exempt under Rule 16b-3.

9. Securities held by Kristin A. Dolan, James L. Dolan's spouse. Mr. Dolan disclaims beneficial ownership of these securities beneficially owned or deemed to be beneficially owned by Ms. Dolan (other than securities in which he has a direct pecuniary interest) and this report shall not be deemed to be an admission that Mr. Dolan is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

10. Reporting Persons disclaim beneficial ownership of all securities of MSGS beneficially owned and deemed to be beneficially owned by their minor children and this filing shall not be deemed an admission that Reporting Persons are, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.

11. Each RSU is granted under the 2015 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.

12. The RSUs are scheduled to vest in three equal installments on September 15, 2021, September 15, 2022 and September 15, 2023.

Remarks:

	/s/ James L. Dolan	08/31/2020
	/s/ Mark C. Cresitello, Attorney-in-Fact for Kristin A. Dolan	08/31/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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