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*
DORSOGNA BRAD

(Last) (First) (Middle)
TWO PENN PLAZA

(Street)
NEW YORK NY 10121

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Madison Square Garden, Inc. [ MSG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2010
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
Madison Square Garden, Inc. Class A Common Stock 02/09/2010 J 1,427(1) A (1) 1,427(1) D(2)
Madison Square Garden, Inc. Class A Common Stock 02/09/2010 J 2,485(3) A (3) 4,080(4) I(5) By Spouse(5)
Madison Square Garden, Inc. Class A Common Stock 1,250(6) D(6)
Madison Square Garden, Inc. Class A Common Stock 1,250(7) I(7) By Spouse as Custodian(7)
Madison Square Garden, Inc. Class A Common Stock 271,228(8) I(8) By Trusts(8)
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
Madison Square Garden, Inc. Class B Common Stock $0 (9) (9) Madison Square Garden, Inc. Class A Common Stock 5,468,695 5,468,695(10) I(10) By Trusts(10)
1. Name and Address of Reporting Person*
DORSOGNA BRAD

(Last) (First) (Middle)
TWO PENN PLAZA

(Street)
NEW YORK NY 10121

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
DOLAN KATHLEEN MARGARET

(Last) (First) (Middle)
TWO PENN PLAZA

(Street)
NEW YORK NY 10121

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 13(d) Group
Explanation of Responses:
1. Represents Class A Common Stock received by Mr. Dorsogna in connection with the legal and structural separation of Madison Square Garden, Inc. ("MSG") from Cablevision Systems Corporation ("Cablevision") (the "Spin-off"), and granted pursuant to the MSG 2010 Non-Employee Director Stock Plan ("Plan"), in a transaction exempt under Rules 16a-9 or 16b-6, and 16b-3.
2. Ms. Dolan, Mr. Dorsogna's spouse, disclaims beneficial ownership of all shares of MSG beneficially owned or deemed to be beneficially owned by her spouse and this filing shall not be deemed an admission that she is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
3. Represents Class A Common Stock received by Ms. Dolan in connection with the Spin?off, and granted pursuant to the MSG Plan, in a transaction exempt under Rules 16a-9 or 16b-6, and (with respect to Mr. Dorsogna) Rule 16b-3.
4. Reflects transfer of shares previously owned directly by Cablevision and its subsidiaries exempt under Rule 16a-13. Includes MSG Class A Common Stock received by Ms. Dolan in connection with the Spin?off in an exempt transaction under Rule 16a?9.
5. Mr. Dorsogna disclaims beneficial ownership of all shares of MSG beneficially owned or deemed to be beneficially owned by his spouse and this filing shall not be deemed an admission that he is, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
6. Reflects transfer of shares previously owned directly by Cablevision and its subsidiaries exempt under Rule 16a-13. Includes Class A Common Stock received jointly by Mr. Dorsogna and Ms. Dolan in connection with the Spin?off in an exempt transaction under Rule 16a?9.
7. Reflects transfer of shares previously owned directly by Cablevision and its subsidiaries exempt under Rule 16a-13. Includes Class A Common Stock received by Ms. Dolan as custodian for her children in connection with the Spin-off in an exempt transaction under Rule 16a-9. Ms. Dolan and Mr. Dorsogna disclaim beneficial ownership of all shares of MSG beneficially owned or deemed to be beneficially owned by Ms. Dolan as custodian for their children and this filing shall not be deemed an admission that they are, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
8. Reflects transfer of shares previously owned directly by Cablevision and its subsidiaries exempt under Rule 16a-13. Includes Class A Common Stock received by trusts for which Ms. Dolan serves as co-trustee in connection with the Spin-off in an exempt transaction pursuant to Rule 16a-9. Ms. Dolan and Mr. Dorsogna disclaim beneficial ownership of all shares of MSG beneficially owned or deemed to be beneficially owned by the trusts and this filing shall not be deemed an admission that they are, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
9. Class B Common Stock of the Issuer is convertible at the option of the holder one for one into Class A Common Stock of the Issuer.
10. Reflects transfer of shares previously owned directly by Cablevision and its subsidiaries exempt under Rule 16a-13. Includes Class B Common Stock received by trusts for which Ms. Dolan serves as co-trustee in connection with the Spin-off in an exempt transaction under Rule 16a-9. Ms. Dolan and Mr. Dorsogna disclaim beneficial ownership of all shares of MSG beneficially owned or deemed to be beneficially owned by the trusts and this filing shall not be deemed an admission that they are, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
/s/ Brad Dorsogna 02/11/2010
/s/ Brian G. Sweeney, Attorney-in-fact for Kathleen M. Dolan 02/11/2010
** 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.