Sec Form 13G Filing - Wallace Paul filing for SINCLAIR INC (SBGI) - 2022-03-15

United States

Securities and Exchange Commission

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

Sinclair Broadcast Group, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 Par Value

(Title of Class of Securities)

829226109

(CUSIP Number)

March 2, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Sinclair Broadcast Group, Inc. (the “Issuer”).

10706 Beaver Dam Road

Hunt Valley, Maryland 21030

This statement is filed on behalf of Paul Wallace (the “Reporting Person”).

The business address of the Reporting Person is 1801 Porter Street, Suite 500, Baltimore, MD 21230.

The Reporting Person is a citizen of the United States.

Class A Common stock, $0.01 par value per share (“Class A Common Stock”).

829226109

Not applicable.

The ownership information below represents beneficial ownership of Class A Common Stock of the Issuer as of the date hereof, based upon 47,891,455 shares of Class A Common Stock outstanding as of February 23, 2022 based on the annual report Form 10-K filed with the Securities and Exchange Commission on March 1, 2022. This amount assumes the conversion of the Class B Common Stock, $0.01 par value per share (the “Class B Common Stock”) of the Issuer held by the Reporting Person into shares of Class A Common Stock of the Issuer on a one-to-one basis.

The Reporting Person is the record holder of 2,963.7157 shares of Class A Common Stock and may be deemed to beneficially own: (i) 208,000 shares of Class B Common Stock held of record by Robert E. C. Smith Series II 2020 Irrevocable Trust as the sole trustee of the Robert E. C. Smith Series II 2020 Irrevocable Trust, (ii) 1,500,000 shares of Class B Common Stock held of record by David D. Smith/JBSS 2022, Series I Irrevocable Trust as the sole trustee of the David D. Smith/JBSS 2022, Series I Irrevocable Trust, and (iii) 1,500,000 shares of Class B Common Stock held of record by David D. Smith/DBS 2022, Series I Irrevocable Trust as the sole trustee of the David D. Smith/DBS 2022, Series I Irrevocable Trust. The Class B Common Stock are convertible on a one-to-one basis to Class A Common Stock at any time at the option of the Reporting Person.

(i) Sole power to vote or to direct the vote: 3,210,964

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 3,210,964

(iv) Shared power to dispose or to direct the disposition of: 0

Not applicable.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 15, 2022