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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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 MD 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) 05/09/2019
	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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/09/2019		M		104,968	A	$24.93	224,560(1)	D
Class A Common Stock	05/09/2019		D		42,773	D	$61.18	181,787(1)	D
Class A Common Stock	05/09/2019		M		400,000	A	$31.4	581,787(1)	D
Class A Common Stock	05/09/2019		D		205,296	D	$61.18	376,491(1)	D
Class A Common Stock	05/09/2019		M		500,000	A	$35.7	876,491(1)	D
Class A Common Stock	05/09/2019		D		291,762	D	$61.18	584,729(1)	D
Class A Common Stock	05/09/2019		M		225,000	A	$33.8	809,729(1)	D
Class A Common Stock	05/09/2019		D		124,305	D	$61.18	685,424(1)	D
Class A Common Stock	05/09/2019		M		250,000	A	$32.81	935,424(1)	D
Class A Common Stock	05/09/2019		D		134,072	D	$61.18	801,352(1)	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 (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
Stock Appreciation Rights	$24.93	05/09/2019		M			104,968	02/02/2015	02/02/2025	Class A Common Stock	104,968	$0	2,980,032	D
Stock Appreciation Rights	$31.4	05/09/2019		M			400,000	03/01/2016	03/01/2026	Class A Common Stock	400,000	$0	2,580,032	D
Stock Appreciation Rights	$35.7	05/09/2019		M			500,000	02/14/2017	02/14/2027	Class A Common Stock	500,000	$0	2,080,032	D
Stock Appreciation Rights	$33.8	05/09/2019		M			225,000	02/28/2018	02/28/2028	Class A Common Stock	225,000	$0	1,855,032	D
Stock Appreciation Rights	$32.81	05/09/2019		M			250,000	02/26/2019	02/26/2029	Class A Common Stock	250,000	$0	1,605,032	D

Explanation of Responses:

1. The Reporting Person also directly owns (i)11,617.693636 shares of Class A Common Stock held in a 401(k) unitized stock fund, (ii) 134,172 shares of Class A Common Stock issued as Restricted Stock and (iii) 6,211,072.227 shares of Class B Common Stock. The Reporting Person also 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 held by a limited liability company controlled by the Reporting Person (iv)354,000 shares of Class A Common Stock held f/b/o David D. Smith Foundation, Inc., which the Reporting Person controls, but does not derive any benefit, and (v) 1,000,000 shares of Class B Common Stock held by trusts f/b/o family members.

	Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney	05/10/2019
	** 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).
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