UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No .13)

 

AMC Networks Inc.

(Name of Issuer)

 

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

00164V 103

(CUSIP Number)

 

Samantha H. Crispin

Quentin W. Wiest

Baker Botts L.L.P.

30 Rockefeller Plaza

New York, New York 10112

(212) 408-2500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

December 29, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on 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).

 

 

 

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan, individually and as a Trustee of the Charles F. Dolan 2009 Revocable Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4. Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
3,681
8. Shared Voting Power
5,675,122
9. Sole Dispositive Power
3,681
10.

Shared Dispositive Power

5,675,122

11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,678,803
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
15.3%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 6,365,191 shares of AMC Networks Inc. Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), issuable upon conversion of an equal number of shares of AMC Networks Inc. Class B Common Stock, par value $0.01 per share (“Class B Common Stock”), held by other Reporting Persons hereto as to which Charles F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

2

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
James L. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
USA

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
164,454
8. Shared Voting Power
1,107,484
9. Sole Dispositive Power
164,454
10.

Shared Dispositive Power

1,107,484

11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,271,938
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
3.8%
14. Type of Reporting Person (See Instructions)
IN

  

*Excludes 10,360,861 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

3

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Thomas C. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
USA

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
46,299
8. Shared Voting Power
966,844
9. Sole Dispositive Power
46,299
10.

Shared Dispositive Power

966,844

11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,013,143
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
3.1%
14. Type of Reporting Person (See Instructions)
IN

   

*Excludes 10,528,379 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

4

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Patrick F. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
30,639
8. Shared Voting Power
988,634
9. Sole Dispositive Power
30,639
10.

Shared Dispositive Power

988,634

11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,019,273
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
3.1%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 10,471,917 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Patrick F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

5

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Kathleen M. Dolan, individually and as Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust and as a Trustee of each of the Charles F. Dolan Children Trusts.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
39,313
8. Shared Voting Power
5,744,155
9. Sole Dispositive Power
39,313
10.

Shared Dispositive Power

5,744,155

11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,783,468
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
15.4%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 5,880,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

6

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Marianne Dolan Weber
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
34,302
8. Shared Voting Power
938,666
9. Sole Dispositive Power
34,302
10.

Shared Dispositive Power

938,666

11. Aggregate Amount Beneficially Owned by Each Reporting Person
972,968
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
3.0%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 10,585,247 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

7

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Deborah A. Dolan-Sweeney, individually and as Trustee of the Patrick F. Dolan 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
123,675
8. Shared Voting Power
2,133,930
9. Sole Dispositive Power
123,675
10.

Shared Dispositive Power

2,133,930

11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,257,605
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
6.6%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 9,398,300 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Deborah A. Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

8

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Corby Dolan Leinauer, as a Trustee of each of the 2009 Family Trusts, each of the CFD 2010 Grandchildren Trusts, the Charles F. Dolan 2012 Descendants Trust and each of the CFD 2021 GC Trusts.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) ¨
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
367
8. Shared Voting Power
4,357,065
9. Sole Dispositive Power
367
10.

Shared Dispositive Power

4,357,065

11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,357,432
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
12.0%
14. Type of Reporting Person (See Instructions)
IN

  

*Excludes 7,128,998 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Corby Dolan Leinauer disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

9

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Mary S. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, the Charles F. Dolan Children Trust FBO Patrick F. Dolan, the Kathleen M. Dolan 2012 Descendants Trust, each of the 2009 Family Trusts, each of the CFD 2010 Grandchildren Trusts, the Charles F. Dolan 2012 Descendants Trust and each of the CFD 2021 GC Trusts.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) ¨
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
6,810
8. Shared Voting Power
6,268,625
9. Sole Dispositive Power
6,810
10.

Shared Dispositive Power

6,268,625

11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,275,435
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
16.4%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 5,224,042 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Mary S. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

10

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Paul J. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Kathleen M. Dolan, the Charles F. Dolan Children Trust FBO James L. Dolan and the Kathleen M. Dolan 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) ¨
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
91,442
8. Shared Voting Power
2,039,556
9. Sole Dispositive Power
91,442
10.

Shared Dispositive Power

2,039,556

11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,130,998
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
6.3%
14. Type of Reporting Person (See Instructions)
IN

  

*Excludes 9,538,509 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Paul J. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

11

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Matthew J. Dolan, as a Trustee of the Charles F. Dolan Children Trust FBO Marianne Dolan Weber and the Charles F. Dolan Children Trust FBO Thomas C. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) ¨
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
3,137
8. Shared Voting Power
1,905,510
9. Sole Dispositive Power
3,137
10.

Shared Dispositive Power

1,905,510

11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,908,647
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
5.6%
14. Type of Reporting Person (See Instructions)
IN

  

*Excludes 9,666,648 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Matthew J. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

12

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Brian G. Sweeney, as a Trustee of the Charles F. Dolan 2009 Revocable Trust and the Trustee of the Deborah A. Dolan-Sweeney 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) ¨
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
279,645
8. Shared Voting Power
1,977,960
9. Sole Dispositive Power
279,645
10.

Shared Dispositive Power

1,977,960

11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,257,605
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
6.6%
14. Type of Reporting Person (See Instructions)
IN

 

*Excludes 9,398,300 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Brian G. Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

13

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Revocable Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
935,304
8. Shared Voting Power
0
9. Sole Dispositive Power
935,304
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
935,304
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.8%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,720,601 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Revocable Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

14

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO James L. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
966,844
8. Shared Voting Power
0
9. Sole Dispositive Power
966,844
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
966,844
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.9%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,557,450 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

15

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO Thomas C. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
966,844
8. Shared Voting Power
0
9. Sole Dispositive Power
966,844
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
966,844
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.9%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,557,450 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

16

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO Patrick F. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
886,015
8. Shared Voting Power
0
9. Sole Dispositive Power
886,015
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
886,015
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.7%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,598,393 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Patrick F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

17

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO Kathleen M. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
966,845
8. Shared Voting Power
0
9. Sole Dispositive Power
966,845
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
966,845
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.9%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,565,427 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

18

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO Marianne Dolan Weber
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
938,666
8. Shared Voting Power
0
9. Sole Dispositive Power
938,666
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
938,666
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.8%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,593,606 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

19

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
918,981
8. Shared Voting Power
0
9. Sole Dispositive Power
918,981
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
918,981
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.8%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,565,427 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

20

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO James L. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
887,064
8. Shared Voting Power
0
9. Sole Dispositive Power
887,064
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
887,064
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.7%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,597,344 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

21

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
921,125
8. Shared Voting Power
0
9. Sole Dispositive Power
921,125
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
921,125
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
2.8%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 10,563,283 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

22

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
61,790
8. Shared Voting Power
0
9. Sole Dispositive Power
61,790
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
61,790
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.2%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,422,618 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

23

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
370,862
8. Shared Voting Power
0
9. Sole Dispositive Power
370,862
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
370,862
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
1.1%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,113,546 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

24

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
433,862
8. Shared Voting Power
0
9. Sole Dispositive Power
433,862
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
433,862
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
1.3%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,050,546 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

25

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
70,177
8. Shared Voting Power
0
9. Sole Dispositive Power
70,177
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
70,177
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.2%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,414,231 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

26

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Ryan Dolan 1989 Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
15,156
8. Shared Voting Power
0
9. Sole Dispositive Power
15,156
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
15,156
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.1%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,469,252 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Ryan Dolan 1989 Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

27

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Tara Dolan 1989 Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
15,156
8. Shared Voting Power
0
9. Sole Dispositive Power
15,156
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
15,156
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.1%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,469,252 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Tara Dolan 1989 Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

28

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
375,302
8. Shared Voting Power
0
9. Sole Dispositive Power
375,302
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
375,302
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
1.2%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,109,106 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

29

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
375,302
8. Shared Voting Power
0
9. Sole Dispositive Power
375,302
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
375,302
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
1.2%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,109,106 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

30

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2010 Grandchildren Trust FBO Descendants of Deborah A. Dolan-Sweeney
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
375,302
8. Shared Voting Power
0
9. Sole Dispositive Power
375,302
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
375,302
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
1.2%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,109,106 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Descendants of Deborah A. Dolan-Sweeney disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

31

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Charles F. Dolan 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
109,322
8. Shared Voting Power
0
9. Sole Dispositive Power
109,322
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
109,322
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.4%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,375,086 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Charles F. Dolan 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

32

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Kathleen M. Dolan 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
99,960
8. Shared Voting Power
0
9. Sole Dispositive Power
99,960
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
99,960
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.3%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,384,448 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Kathleen M. Dolan 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

33

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Deborah A. Dolan-Sweeney 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
279,645
8. Shared Voting Power
0
9. Sole Dispositive Power
279,645
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
279,645
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.9%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,204,763 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Deborah A. Dolan-Sweeney 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

34

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Marianne E. Dolan Weber 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
99,960
8. Shared Voting Power
0
9. Sole Dispositive Power
99,960
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
99,960
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.3%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,384,448 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Marianne E. Dolan Weber 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

35

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
Patrick F. Dolan 2012 Descendants Trust
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
102,032
8. Shared Voting Power
0
9. Sole Dispositive Power
102,032
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
102,032
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.3%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,382,376 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the Patrick F. Dolan 2012 Descendants Trust disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

36

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2010 Grandchildren Trust FBO Aidan Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
17,030
8. Shared Voting Power
0
9. Sole Dispositive Power
17,030
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
17,030
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.1%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,467,378 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Aidan Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

37

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2010 Grandchildren Trust FBO Quentin Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
17,030
8. Shared Voting Power
0
9. Sole Dispositive Power
17,030
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
17,030
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.1%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,467,378 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2010 Grandchildren Trust FBO Quentin Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

38

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2021 GC Trust FBO Kevyn A. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
187,651
8. Shared Voting Power
0
9. Sole Dispositive Power
187,651
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
187,651
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.6%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,296,757 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2021 GC Trust FBO Kevyn A. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

39

 

 

  CUSIP No. 00164V 103
   
1. Names of Reporting Persons
CFD 2021 GC Trust FBO Tara E. Dolan
2. Check the Appropriate Box if a Member of a Group (See Instructions)
  (a) x
  (b) ¨
3. SEC Use Only
4  Source of Funds (See Instructions)
00 – See Item 3 of Statement
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨
6. Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
7. Sole Voting Power
187,651
8. Shared Voting Power
0
9. Sole Dispositive Power
187,651
10.

Shared Dispositive Power

0

11. Aggregate Amount Beneficially Owned by Each Reporting Person
187,651
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x*
13. Percent of Class Represented by Amount in Row (11)
0.6%
14. Type of Reporting Person (See Instructions)
OO

 

*Excludes 11,296,757 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which the CFD 2021 GC Trust FBO Tara E. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities.

 

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AMENDMENT NO. 13 TO SCHEDULE 13D

 

This Amendment No. 13 to Schedule 13D (“Amendment No. 13”) is being filed jointly by (i) the individuals (in their individual capacity and/or as trustee or co-trustee of specified trusts) and trusts listed in Item 2(a) below (the “Group Members”) who may be deemed to beneficially own all of the shares of Class B Common Stock of AMC Networks Inc. (the “Issuer”), par value $.01 per share (the “Class B Common Stock”), which are convertible share for share at the option of the holder into Class A Common Stock of the Issuer, par value $.01 per share (the “Class A Common Stock,” and together with the Class B Common Stock, the “Common Stock”), and a certain number of shares of Class A Common Stock, in each case as described herein, and (ii) certain trustees of such Group Members (the persons referred to in clauses (i) and (ii)  collectively, the “Reporting Persons”) to, among other things, reflect certain transactions that may be deemed to impact the Reporting Persons’ beneficial ownership of the Class A Common Stock and report changes to the Reporting Persons’ beneficial ownership of Class A Common Stock.

 

The Schedule 13D (the “Schedule”) filed by the original Reporting Persons on June 30, 2011, as amended and supplemented by Amendment No. 1 filed on September 16, 2011, Amendment No. 2 filed on November 18, 2011, Amendment No. 3 filed on August 16, 2012, Amendment No. 4 filed on December 26, 2012, Amendment No. 5 filed on June 27, 2013, Amendment No. 6 filed on August 22, 2013, Amendment No. 7 filed on October 2, 2015, Amendment No. 8 filed on December 23, 2016, Amendment No. 9 filed on December 26, 2017, Amendment No. 10 filed on December 10, 2018, Amendment No. 11 filed on September 24, 2019 and Amendment No. 12 filed on October 30, 2020, is hereby amended and supplemented by the Reporting Persons as set forth below in this Amendment No. 13.

 

Item 2 Identity and Background.

 

The disclosure in Item 2 is hereby amended by amending and restating part (a) thereof as follows:

 

(a) The names of the Reporting Persons who are Group Members are: Charles F. Dolan, individually and as a Trustee of the Charles F. Dolan 2009 Revocable Trust (the “CFD 2009 Trust”); James L. Dolan; Thomas C. Dolan; Patrick F. Dolan; Kathleen M. Dolan, individually and as a Trustee of the Charles F. Dolan Children Trust FBO Kathleen M. Dolan, the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney, the Charles F. Dolan Children Trust FBO Marianne Dolan Weber, the Charles F. Dolan Children Trust FBO Patrick F. Dolan, the Charles F. Dolan Children Trust FBO Thomas C. Dolan and the Charles F. Dolan Children Trust FBO James L. Dolan (hereinafter collectively referred to as the “Dolan Children Trusts” and individually, a “Dolan Children Trust”), and as sole Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust; Marianne E. Dolan Weber; Deborah A. Dolan-Sweeney, individually and as Trustee of the Patrick F. Dolan 2012 Descendants Trust; the CFD 2009 Trust; the Dolan Children Trust FBO Kathleen M. Dolan; the Dolan Children Trust FBO Marianne Dolan Weber; the Dolan Children Trust FBO Deborah Dolan-Sweeney; the Dolan Children Trust FBO James L. Dolan; the Dolan Children Trust FBO Thomas C. Dolan; the Dolan Children Trust FBO Patrick F. Dolan; the Charles F. Dolan 2009 Family Trust FBO James L. Dolan; the Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan; the Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan; the Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan; the Charles F. Dolan 2009 Family Trust FBO Marianne Dolan Weber; the Charles F. Dolan 2009 Family Trust FBO Deborah Dolan-Sweeney; the Ryan Dolan 1989 Trust; the Tara Dolan 1989 Trust; the CFD 2010 Grandchildren Trust FBO Descendants of Deborah A. Dolan-Sweeney; the CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan; the CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber; the Charles F. Dolan 2012 Descendants Trust; the Kathleen M. Dolan 2012 Descendants Trust; the Deborah A. Dolan-Sweeney 2012 Descendants Trust; the Marianne E. Dolan Weber 2012 Descendants Trust; the Patrick F. Dolan 2012 Descendants Trust; the CFD 2010 Grandchildren Trust FBO Aidan Dolan; the CFD 2010 Grandchildren Trust FBO Quentin Dolan; the CFD 2021 GC Trust FBO Kevyn A. Dolan; and the CFD 2021 GC Trust FBO Tara E. Dolan. The Reporting Persons also include Corby Dolan Leinauer, as a Trustee of the Charles F. Dolan 2009 Family Trust FBO Patrick F. Dolan, the Charles F. Dolan 2009 Family Trust FBO Thomas C. Dolan, the Charles F. Dolan 2009 Family Trust FBO James L. Dolan, the Charles F. Dolan 2009 Family Trust FBO Marianne E. Dolan Weber, the Charles F. Dolan 2009 Family Trust FBO Kathleen M. Dolan and the Charles F. Dolan 2009 Family Trust FBO Deborah A. Dolan-Sweeney (collectively, the “2009 Family Trusts” and individually, a “2009 Family Trust”), the CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan, the CFD 2010 Grandchildren Trust FBO Descendants of Deborah A. Dolan-Sweeney, and the CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber (collectively, the “CFD 2010 Grandchildren Trusts” and individually, a “2010 Grandchildren Trust”), the CFD 2021 GC Trust FBO Kevyn A. Dolan and the CFD 2021 GC Trust FBO Tara E. Dolan (collectively, the “CFD 2021 GC Trusts” and individually, a “CFD 2021 GC Trust”) and the Charles F. Dolan 2012 Descendants Trust; Mary S. Dolan, as a Trustee of the Dolan Children Trusts FBO Deborah Dolan-Sweeney and Patrick F. Dolan, the Kathleen M. Dolan 2012 Descendants Trust, each of the 2009 Family Trusts, each of the CFD 2010 Grandchildren Trusts, each of the CFD 2021 GC Trusts and the Charles F. Dolan 2012 Descendants Trust; Paul J. Dolan, as a Trustee of the Dolan Children Trusts FBO Kathleen M. Dolan and James L. Dolan and the Kathleen M. Dolan 2012 Descendants Trust; Matthew J. Dolan, as a Trustee of the Dolan Children Trusts FBO Marianne Dolan Weber and Thomas C. Dolan and Brian G. Sweeney, as a Trustee of the Charles F. Dolan 2009 Revocable Trust and the Trustee of the Deborah A. Dolan-Sweeney 2012 Descendants Trust.

 

41 

 

 

The disclosure in Items 2(b) and 2(c) is hereby amended to remove information related to Helen A. Dolan, the Helen A. Dolan 2009 Revocable Trust and the CFD 2010 Grandchildren Trust FBO Descendants of Patrick F. Dolan and to add the following at the end of Item 2(b):

 

CFD 2021 GC Trust FBO Kevyn A. Dolan is a trust established under the laws of the State of New York for the benefit of Kevyn A. Dolan and has an address of c/o Dolan Family Office, Attention: President, 340 Crossways Park Drive, Woodbury, New York 11797.

 

CFD 2021 GC Trust FBO Tara E. Dolan is a trust established under the laws of the State of New York for the benefit of Tara E. Dolan and has an address of c/o Dolan Family Office, Attention: President, 340 Crossways Park Drive, Woodbury, New York 11797.

 

The disclosure in Item 2(d) is hereby amended by adding the following at the end thereof:

 

Neither of the CFD 2021 GC Trusts, during the last five years, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

The disclosure in Item 2(e) is hereby amended by adding the following at the end thereof:

 

Neither of the CFD 2021 GC Trusts, during the last five years, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3 Source and Amount of Funds or Other Consideration

 

The disclosure in Item 3 is hereby amended by adding the following at the end thereof:

 

James L. Dolan acquired beneficial ownership of an additional 99,109 shares of Series A Common Stock reported in this Amendment on December 29, 2023 pursuant to the anticipated February 27, 2024 vesting of restricted stock units, which were granted to Kristin A. Dolan, James L. Dolan’s spouse, pursuant to compensatory arrangements with the Issuer in consideration of her service as an officer.

 

The Helen A. Dolan 2009 Revocable Trust distributed 126,250 shares of Class B Common Stock to the Charles F. Dolan 2009 Revocable Trust on November 8, 2023, following the death of Helen A. Dolan.

 

Item 5 Interest in Securities of the Issuer

 

The disclosure in Item 5 is hereby amended and restated to read in its entirety as follows:

 

(a) and (b) the Group Members may be deemed to beneficially own an aggregate of 12,382,472 shares of Class A Common Stock as a result of their beneficial ownership of (i) 898,064 shares of Class A Common Stock and (ii) 11,484,408 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 28.4% of the total shares of the Issuer’s common stock currently outstanding. Group Members in the aggregate may be deemed to have the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 11,484,408 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock (representing all outstanding Class B Common Stock) because of the terms of the Class B Stockholders’ Agreement (as previously defined in the Schedule 13D). Reporting Persons and individuals who are not Group Members but are trustees of trusts that are Group Members may be deemed to beneficially own an additional 117,577 shares of Class A Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities.

 

42 

 

 

The percentages used herein with respect to the ownership of Class A Common Stock are calculated based on 32,073,020 outstanding shares of Class A Common Stock as of October 27, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q that was filed with the SEC on November 3, 2023.

 

Charles F. Dolan may be deemed to beneficially own an aggregate of 5,678,803 shares of Class A Common Stock, including (i) 559,586 shares of Class A Common Stock and (ii) 5,119,217 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 15.3% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 3,681 shares of Class A Common Stock (which are owned of record by him personally) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 5,675,122 shares of Class A Common Stock (including 171,497 shares of Class A Common Stock owned of record by the CFD 2009 Trust, 384,408 shares of Class A Common Stock owned of record by the Dolan Family Foundation and 5,119,217 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock, including 763,807 shares of Class B Common Stock owned of record by the CFD 2009 Trust, 2,744,880 shares of Class B Common Stock owned of record by the 2009 Family Trusts, 1,125,906 shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts, 109,322 shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and 375,302 shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts). He disclaims beneficial ownership of 384,408 shares of Class A Common Stock owned of record by the Dolan Family Foundation, and 4,355,410 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock, including 2,744,880 shares of Class B Common Stock owned of record by the 2009 Family Trusts, 1,125,906 shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts, 109,322 shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and 375,302 shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities.

 

James L. Dolan may be deemed to beneficially own an aggregate of 1,271,938 shares of Class A Common Stock, including (i) 148,391 shares of Class A Common Stock and (ii) 1,123,547 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 3.8% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 164,454 shares of Class A Common Stock (including 1,925 shares of Class A Common Stock held as custodian for one or more minor children and 162,529 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 1,107,484 shares of Class A Common Stock (including 1,250 shares of Class A Common Stock owned of record jointly with his spouse, 6,221 shares of Class A Common Stock owned of record personally by his spouse, 99,109 shares of Class A Common Stock underlying restricted stock units owned of record personally by his spouse that are scheduled to vest within 60 days of December 29, 2023, 39,886 shares of Class A Common Stock owned of record by the Dolan Children Trust for his benefit, 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit, and an aggregate of 34,060 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts FBO Aidan and Quentin Dolan for which his spouse serves as trustee). He disclaims beneficial ownership of 1,925 shares of Class A Common Stock held as custodian for one or more minor children, 6,221 shares of Class A Common Stock owned of record personally by his spouse, 99,109 shares of Class A Common Stock underlying restricted stock units owned of record personally by his spouse that are scheduled to vest within 60 days of December 29, 2023, 39,886 shares of Class A Common Stock and 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit, and an aggregate of 34,060 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts FBO Aidan and Quentin Dolan for which his spouse serves as trustee, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

43 

 

 

Thomas C. Dolan may be deemed to beneficially own 1,013,143 shares of Class A Common Stock, including (i) 57,114 shares of Class A Common Stock and (ii) 956,029 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This amount represents approximately 3.1% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 46,299 shares of Class A Common Stock (including 17,228 shares of Class A Common Stock owned of record personally and 29,071 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally) and (b) the shared power to vote or direct the vote of and to dispose of or to direct the disposition of 39,886 shares of Class A Common Stock and 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit. He disclaims beneficial ownership of 39,886 shares of Class A Common Stock and 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Patrick F. Dolan may be deemed to beneficially own an aggregate of 1,019,273 shares of Class A Common Stock, including (i) 6,782 shares of Class A Common Stock and (ii) 1,012,491 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 3.1% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 30,639 shares of Class A Common Stock (including 6,195 shares of Class A Common Stock owned of record personally and 24,444 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally) and (b) the current shared power to vote or direct the vote of and to dispose of or to direct the disposition of 988,634 shares of Class A Common Stock (including 587 shares of Class A Common Stock owned of record by the Daniel P. Mucci Trust (the “Mucci Trust”) for which he serves as a trustee, 886,015 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit and 102,032 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust). He disclaims beneficial ownership of 587 shares of Class A Common Stock held by the Mucci Trust, 886,015 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for his benefit and 102,032 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Kathleen M. Dolan may be deemed to beneficially own an aggregate of 5,783,468 shares of Class A Common Stock, including (i) 180,020 shares of Class A Common Stock and (ii) 5,603,448 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 15.4% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 39,313 shares of Class A Common Stock (including 2,220 shares of Class A Common Stock owned of record personally, 4,481 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally, 2,300 shares of Class A Common Stock held as custodian for one or more minor children and an aggregate of 30,312 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 5,744,155 shares of Class A Common Stock (including an aggregate of 175,500 shares of Class A Common Stock owned of record by the Dolan Children Trusts, an aggregate of 5,468,695 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts and 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Kathleen M. Dolan 2012 Descendants Trust). She disclaims beneficial ownership of 2,300 shares of Class A Common Stock held as custodian for one or more minor children, an aggregate of 175,500 shares of Class A Common Stock owned of record by the Dolan Children Trusts and an aggregate of 5,598,967 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts, the Ryan Dolan 1989 Trust, the Tara Dolan 1989 Trust and the Kathleen M. Dolan 2012 Descendants Trust, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

44 

 

 

Marianne E. Dolan Weber may be deemed to beneficially own an aggregate of 972,968 shares of Class A Common Stock, including (i) 73,807 shares of Class A Common Stock and (ii) 899,161 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 3.0% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 34,302 shares of Class A Common Stock (including 25,943 shares of Class A Common Stock owned of record personally, and 8,359 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally) and (b) the current shared power to vote or direct the vote of and to dispose of or to direct the disposition of 938,666 shares of Class A Common Stock (including 47,864 shares of Class A Common Stock owned by the Dolan Children Trust for her benefit and 890,802 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for her benefit). She disclaims beneficial ownership of 47,864 shares of Class A Common Stock owned of record by the Dolan Children Trust for her benefit and 890,802 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for her benefit, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Deborah A. Dolan-Sweeney may be deemed to beneficially own an aggregate of 2,257,605 shares of Class A Common Stock, including (i) 171,497 shares of Class A Common Stock and (ii) 2,086,108 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 6.6% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 123,675 shares of Class A Common Stock (including 21,643 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally and 102,032 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust for which she serves as trustee) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 2,133,930 shares of Class A Common Stock (including 171,497 shares of Class A Common Stock owned of record by the CFD 2009 Trust for which her spouse serves as co-trustee and 1,962,433 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock, including 918,981 shares of Class B Common Stock owned of record by the Dolan Children Trust for her benefit, 279,645 shares of Class B Common Stock owned of record by the Deborah A. Dolan-Sweeney 2012 Descendants Trust for which her spouse serves as trustee and 763,807 shares of Class B Common Stock owned of record by the CFD 2009 Trust for which her spouse serves as co-trustee). She disclaims beneficial ownership of 171,497 shares of Class A Common Stock owned of record by the CFD 2009 Trust for which her spouse serves as co-trustee, and 2,064,465 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock, including 918,981 shares of Class B Common Stock owned of record by the Dolan Children Trust for her benefit, 279,645 shares of Class B Common Stock owned of record by the Deborah A. Dolan-Sweeney 2012 Descendants Trust for which her spouse serves as trustee, 102,032 shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust for which she serves as trustee and 763,807 shares of Class B Common Stock owned of record by the CFD 2009 Trust for which her spouse serves as co-trustee, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Corby Dolan Leinauer may be deemed to beneficially own an aggregate of 4,357,432 shares of Class A Common Stock, including (i) 2,022 shares of Class A Common Stock and (ii) 4,355,410 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 12.0% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 367 shares of Class A Common Stock held as custodian for one or more minor children and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 4,357,065 shares of Class A Common Stock (including 798 shares of Class A Common Stock owned of record jointly with her spouse, 857 shares of Class A Common Stock owned of record by the Leinauer Family Education Trust, an aggregate of 2,744,880 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the 2009 Family Trusts, an aggregate of 1,125,906 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts, 109,322 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and an aggregate 375,302 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts). She disclaims beneficial ownership of 367 shares of Class A Common Stock held as custodian for one or more minor children, 857 shares of Class A Common Stock owned of record by the Leinauer Family Education Trust, an aggregate of 2,744,880 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the 2009 Family Trusts, an aggregate of 1,125,906 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts 109,322 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and an aggregate 375,302 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts, and this report shall not be deemed to be an admission that she is the beneficial owner of such securities. See Exhibit A.

 

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Mary S. Dolan may be deemed to beneficially own an aggregate of 6,275,435 shares of Class A Common Stock, including (i) 15,069 shares of Class A Common Stock and (ii) 6,260,366 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 16.4% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote and to dispose of or direct the disposition of 6,810 shares of Class A Common Stock held as custodian for one or more minor children and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 6,268,625 shares of Class A Common Stock (including 8,259 shares of Class A Common Stock owned of record jointly with her spouse, an aggregate of 1,804,996 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Deborah Dolan-Sweeney and Patrick F. Dolan, 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Kathleen M. Dolan 2012 Descendants Trust, an aggregate of 2,744,880 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the 2009 Family Trusts, an aggregate of 1,125,906 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts, 109,322 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and an aggregate 375,302 shares of Class A common stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts). She disclaims beneficial ownership of 6,810 shares of Class A Common Stock held as custodian for one or more minor children, an aggregate of 1,804,996 shares of Class A Common Stock issuable upon the conversion of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Deborah Dolan-Sweeney and Patrick F. Dolan, 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Kathleen M. Dolan 2012 Descendants Trust, an aggregate of 2,744,880 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the 2009 Family Trusts, an aggregate of 1,125,906 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts, 109,322 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Charles F. Dolan 2012 Descendants Trust and an aggregate 375,203 shares of Class A common stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2021 GC Trusts, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Paul J. Dolan may be deemed to beneficially own an aggregate of 2,130,998 shares of Class A Common Stock, including (i) 185,099 shares of Class A Common Stock, and (ii) 1,945,899 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 6.3% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 91,442 shares of Class A Common Stock owned of record by the CFD Trust No. 10 and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 2,039,556 shares of Class A Common Stock (including 5,907 shares of Class A Common Stock owned of record jointly with his spouse, an aggregate of 87,750 shares of Class A Common Stock owned of record by the Dolan Children Trusts for the benefit of Kathleen M. Dolan and James L. Dolan, an aggregate of 1,845,939 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Kathleen M. Dolan and James L. Dolan and 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Kathleen M. Dolan 2012 Descendants Trust). He disclaims beneficial ownership of 91,442 shares of Class A Common Stock owned of record by the CFD Trust No. 10, an aggregate of 87,750 shares of Class A Common Stock owned of record by the Dolan Children Trusts for the benefit of Kathleen M. Dolan and James L. Dolan, an aggregate of 1,845,939 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Kathleen M. Dolan and James L. Dolan, and 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Kathleen M. Dolan 2012 Descendants Trust, and this report shall not be deemed to be an admission that he is the beneficial owner of such securities. See Exhibit A.

 

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Matthew J. Dolan may be deemed to beneficially own an aggregate of 1,908,647 shares of Class A Common Stock, including (i) 90,887 shares of Class A Common Stock and (ii) 1,817,760 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 5.6% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 3,137 shares of Class A Common Stock (including 1,750 shares of Class A Common Stock owned of record personally and 1,387 shares of Class A Common Stock held as custodian for a minor child) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 1,905,510 shares of Class A Common Stock (including an aggregate of 87,750 shares of Class A Common stock owned of record by the Dolan Children Trusts for the benefit of Marianne Dolan Weber and Thomas C. Dolan and an aggregate of 1,817,760 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Marianne Dolan Weber and Thomas C. Dolan). He disclaims beneficial ownership of 1,387 shares of Class A Common Stock held as custodian for a minor child, an aggregate of 87,750 shares of Class A Common Stock owned of record by the Dolan Children Trusts for the benefit of Marianne Dolan Weber and Thomas C. Dolan and an aggregate of 1,817,760 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trusts for the benefit of Marianne Dolan Weber and Thomas C. Dolan, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

Brian G. Sweeney may be deemed to beneficially own an aggregate of 2,257,605 shares of Class A Common Stock, including (i) 171,497 shares of Class A Common Stock and (ii) 2,086,108 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 6.6% of the shares of Class A Common Stock currently outstanding. He may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 279,645 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Deborah A. Dolan-Sweeney 2012 Descendants Trust for which he serves as trustee) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 1,977,960 shares of Class A Common Stock (including 171,497 shares of Class A Common Stock owned of record by the CFD 2009 Trust for which he serves as co-trustee and 1,806,463 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock, including 21,643 shares of Class B Common Stock owned of record by his spouse, 918,981 shares of Class B Common Stock owned of record by the Dolan Children Trust for the benefit of his spouse, 102,032 shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust for which his spouse serves as trustee and 763,807 shares of Class B Common Stock owned of record by the CFD 2009 Trust for which he serves as co-trustee. He disclaims beneficial ownership of 171,497 shares of Class A Common Stock owned of record by the CFD 2009 Trust for which he serves as co-trustee, 21,643 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by his spouse, 918,981 shares of shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for the benefit of his spouse, 102,032 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Patrick F. Dolan 2012 Descendants Trust for which his spouse serves as trustee, 763,807 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2009 Trust for which he serves as co-trustee and 279,645 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Deborah A. Dolan-Sweeney 2012 Descendants Trust for which he serves as trustee, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

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The CFD 2009 Trust may be deemed to beneficially own an aggregate of 935,304 shares of Class A Common Stock, including (i) 171,497 shares of Class A Common Stock and (ii) 763,807 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. Charles F. Dolan and Brian G. Sweeney are the trustees and have the shared power to vote and dispose of the shares held by the trust. This aggregate amount represents approximately 2.9% of the shares of Class A Common Stock currently outstanding. The information contained on page 14 of this Schedule 13D is hereby incorporated by reference. See Exhibit A.

 

The Charles F. Dolan Children Trust FBO James L. Dolan may be deemed to beneficially own an aggregate of 966,844 shares of Class A Common Stock, including (i) 39,886 shares of Class A Common Stock and (ii) 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.9% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Paul J. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 15 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan Children Trust FBO Thomas C. Dolan may be deemed to beneficially own an aggregate of 966,844 shares of Class A Common Stock, including (i) 39,886 shares of Class A Common Stock and (ii) 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.9 % of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Matthew J. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 16 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan Children Trust FBO Patrick F. Dolan may be deemed to beneficially own an aggregate of 886,015 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.7% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 17 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan Children Trust FBO Kathleen M. Dolan may be deemed to beneficially own an aggregate of 966,845 shares of Class A Common Stock, including (i) 47,864 shares of Class A Common Stock and (ii) 918,981 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.9% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Paul J. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 18 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan Children Trust FBO Marianne Dolan Weber may be deemed to beneficially own an aggregate of 938,666 shares of Class A Common Stock, including (i) 47,864 shares of Class A Common Stock and (ii) 890,802 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.9% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Matthew J. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 19 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney may be deemed to beneficially own an aggregate of 918,981 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.8% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. The information contained on page 20 of this Schedule 13D is hereby incorporated by reference.

 

The 2009 Family Trust FBO James L. Dolan may be deemed to beneficially own an aggregate of 887,064 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.7% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 21 of this Schedule 13D is hereby incorporated by reference.

 

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The 2009 Family Trust FBO Thomas C. Dolan may be deemed to beneficially own an aggregate of 921,125 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 2.8% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 22 of this Schedule 13D is hereby incorporated by reference.

 

The 2009 Family Trust FBO Patrick F. Dolan may be deemed to beneficially own an aggregate of 61,790 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.2% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 23 of this Schedule 13D is hereby incorporated by reference.

 

The 2009 Family Trust FBO Kathleen M. Dolan may be deemed to beneficially own an aggregate of 370,862 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 1.1% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 24 of this Schedule 13D is hereby incorporated by reference.

 

The 2009 Family Trust FBO Marianne Dolan Weber may be deemed to beneficially own an aggregate of 433,862 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 1.3% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 25 of this Schedule 13D is hereby incorporated by reference.

 

The 2009 Family Trust FBO Deborah A. Dolan-Sweeney may be deemed to beneficially own an aggregate of 70,177 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.2% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 26 of this Schedule 13D is hereby incorporated by reference.

 

The Ryan Dolan 1989 Trust may be deemed to beneficially own an aggregate of 15,156 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.1% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan is the trustee and has the sole power to vote and dispose of the shares held by the trust. The information contained on page 27 of this Schedule 13D is hereby incorporated by reference.

 

The Tara Dolan 1989 Trust may be deemed to beneficially own an aggregate of 15,156 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.1% of the shares of Class A Common Stock currently outstanding. Kathleen M. Dolan is the trustee and has the sole power to vote and dispose of the shares held by the trust. The information contained on page 28 of this Schedule 13D is hereby incorporated by reference.

 

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The CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan may be deemed to beneficially own an aggregate of 375,302 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 1.2% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 29 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2010 Grandchildren Trust FBO Descendants of Marianne E. Dolan Weber may be deemed to beneficially own an aggregate of 375,302 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 1.2% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 30 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2010 Grandchildren Trust FBO Descendants of Deborah A. Dolan-Sweeney may be deemed to beneficially own an aggregate of 375,302 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 1.2% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 31 of this Schedule 13D is hereby incorporated by reference.

 

The Charles F. Dolan 2012 Descendants Trust may be deemed to beneficially own an aggregate of 109,322 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.3% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 32 of this Schedule 13D is hereby incorporated by reference.

 

The Kathleen M. Dolan 2012 Descendants Trust may be deemed to beneficially own an aggregate of 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.3% of the shares of Class A Common Stock currently outstanding. Paul J. Dolan and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Kathleen M. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because she has to right the substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 33 of this Schedule 13D is hereby incorporated by reference.

 

The Deborah A. Dolan-Sweeney 2012 Descendants Trust may be deemed to beneficially own an aggregate of 279,645 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.9% of the shares of Class A Common Stock currently outstanding. Brian G. Sweeney is the trustee and has the sole power to vote and dispose of the shares held by the trust. Deborah A. Dolan-Sweeney may be deemed to share power to direct the disposition of the shares held by the trust because she has the right to substitute assets with the trust, subject to the trustee’s reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 34 of this Schedule 13D is hereby incorporated by reference.

 

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The Marianne E. Dolan Weber 2012 Descendants Trust may be deemed to beneficially own an aggregate of 99,960 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.3% of the shares of Class A Common Stock currently outstanding. Richard Baccari is the trustee and has the sole power to vote and dispose of the shares held by the trust. Marianne E. Dolan Weber may be deemed to share power to direct the disposition of the shares held by the trust because she has the right to substitute assets with the trust, subject to the trustee’s reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 35 of this Schedule 13D is hereby incorporated by reference.

 

The Patrick F. Dolan 2012 Descendants Trust may be deemed to beneficially own an aggregate of 102,032 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.3% of the shares of Class A Common Stock currently outstanding. Deborah A. Dolan-Sweeney is the trustee and has the sole power to vote and dispose of the shares held by the trust. Patrick F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustee’s reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 35 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2010 Grandchildren Trust FBO Aidan Dolan may be deemed to beneficially own an aggregate of 17,030 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.1% of the shares of Class A Common Stock currently outstanding. Kristin A. Dolan is the trustee and has the sole power to vote and dispose of the shares held by the trust. The information contained on page 37 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2010 Grandchildren Trust FBO Quentin Dolan may be deemed to beneficially own an aggregate of 17,030 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.1% of the shares of Class A Common Stock currently outstanding. Kristin A. Dolan is the trustee and has the sole power to vote and dispose of the shares held by the trust. The information contained on page 38 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2021 GC Trust FBO Kevyn A. Dolan may be deemed to beneficially own an aggregate of 187,651 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.6% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 39 of this Schedule 13D is hereby incorporated by reference.

 

The CFD 2021 GC Trust FBO Tara E. Dolan may be deemed to beneficially own an aggregate of 187,651 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 0.6% of the shares of Class A Common Stock currently outstanding. Corby Dolan Leinauer and Mary S. Dolan are the trustees and have the shared power to vote and dispose of the shares held by the trust. Charles F. Dolan may be deemed to share power to direct the disposition of the shares held by the trust because he has the right to substitute assets with the trust, subject to the trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor. The information contained on page 40 of this Schedule 13D is hereby incorporated by reference.

 

51 

 

 

Kristin A. Dolan may be deemed to beneficially own an aggregate of 1,271,938 shares of Class A Common Stock, including (i) 148,391 shares of Class A Common Stock and (ii) 1,123,547 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock. This aggregate amount represents approximately 3.8% of the shares of Class A Common Stock currently outstanding. She may be deemed to have (a) the sole power to vote or direct the vote of and to dispose of or to direct the disposition of 139,390 shares of Class A Common Stock (including 6,221 shares of Class A Common Stock, 99,109 shares of Class A Common Stock underlying restricted stock units that are scheduled to vest within 60 days of December 29, 2023 and an aggregate of 34,060 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts FBO Aidan and Quentin Dolan for which she serves as trustee) and (b) the current shared power to vote or direct the vote of and to dispose of or direct the disposition of 1,132,548 shares of Class A Common Stock (including 1,250 shares of Class A Common Stock owned of record jointly with her spouse, 1,925 shares of Class A Common Stock held as custodian by her spouse for one or more minor children, and 39,886 shares of Class A Common Stock owned of record by the Dolan Children Trust for the benefit of her spouse, 162,529 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally by her spouse and 926,958 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the Dolan Children Trust for the benefit of her spouse). She disclaims beneficial ownership of 1,925 shares of Class A Common Stock held as custodian by her spouse for one or more minor children, 162,529 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record personally by her spouse, 39,886 shares of Class A Common Stock owned of record by the Dolan Children Trust for the benefit of her spouse, 926,958 shares of Class A Common Stock issuable upon the conversion of Class B Common Stock owned of record by the Dolan Children Trust for the benefit of her spouse, and an aggregate of 34,060 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock owned of record by the CFD 2010 Grandchildren Trusts FBO Aidan and Quentin Dolan for which she serves as trustee, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities. See Exhibit A.

 

(c) See Item 3 above, which is incorporated herein by reference.

 

(d) See Exhibit A.

 

(e) Not applicable.

 

Item 7 Material to be Filed as an Exhibit

 

The disclosure in Item 7 is hereby amended by replacing Exhibit A and adding the following exhibits in appropriate numerical order as follows:

 

Exhibit A: Amended and Restated Trust and Beneficiary List

 

Exhibit B.14: Joint Filing Agreement, dated January 3, 2024

 

Exhibit C. 12: Powers of Attorney for each of:

 

Marianne E. Dolan Weber 2012 Descendants Trust

 

CFD 2021 GC Trust FBO Kevyn A. Dolan (incorporated by reference to Exhibit 24.1 to the Form 3 filed by CFD 2021 GC Trust FBO Kevyn A. Dolan with respect to AMC Networks Inc. on July 13, 2021)

 

CFD 2021 GC Trust FBO Tara E. Dolan (incorporated by reference to Exhibit 24.2 to the Form 3 filed by CFD 2021 GC Trust FBO Tara E. Dolan with respect to AMC Networks Inc. on July 13, 2021)

 

52 

 

 

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: January 3, 2024 
   
  *
  Charles F. Dolan
   
  /s/ James L. Dolan
  James L. Dolan
   
  /s/ Thomas C. Dolan
  Thomas C. Dolan
   
  +
  Patrick F. Dolan
   
 
  Kathleen M. Dolan
   
  *
  Marianne Dolan Weber
   
  *
  Deborah A. Dolan-Sweeney
   
 
  Corby Dolan Leinauer
   
 
  Mary S. Dolan
   
  *
  Paul J. Dolan
   
  *
  Matthew J. Dolan

  

 

 

  

Exhibit A

 

Kathleen M. Dolan is a co-Trustee of each of the Charles F. Dolan Children Trust FBO James L. Dolan (with Paul J. Dolan as co-Trustee), the Charles F. Dolan Children Trust FBO Patrick F. Dolan (with Mary S. Dolan as co-Trustee), the Charles F. Dolan Children Trust FBO Thomas C. Dolan (with Matthew J. Dolan as co-Trustee), the Charles F. Dolan Children Trust FBO Kathleen M. Dolan (with Paul J. Dolan as co-Trustee), the Charles F. Dolan Children Trust FBO Marianne Dolan Weber (with Matthew J. Dolan as co-Trustee) and the Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney (with Mary S. Dolan as co-Trustee) (hereinafter referred to, collectively, as the “Dolan Children Trusts”, and individually, as a “Dolan Children Trust”).

 

The following table lists each Dolan Children Trust’s name and the name of its beneficiary (each a “Current Beneficiary”).

 

Name of Trust Current Beneficiary

 

Charles F. Dolan Children Trust FBO James L. Dolan James L. Dolan

 

Charles F. Dolan Children Trust FBO Patrick F. Dolan Patrick F. Dolan

 

Charles F. Dolan Children Trust FBO Thomas C. Dolan Thomas C. Dolan

 

Charles F. Dolan Children Trust FBO Kathleen M. Dolan Kathleen M. Dolan

 

Charles F. Dolan Children Trust FBO Marianne Dolan Weber Marianne Dolan Weber

 

Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney Deborah A. Dolan-Sweeney

 

For each Dolan Children Trust other than the Dolan Children Trust for the benefit of Kathleen M. Dolan, distributions of income and principal can be made in the discretion of the Trustees to the Current Beneficiary. For the Dolan Children Trust for the benefit of Kathleen M. Dolan, distributions of income and principal can be made in the discretion of the non-beneficiary Trustee to the Current Beneficiary. The Current Beneficiary of each Dolan Children Trust has the power to appoint additional or successor Trustees, including himself or herself, and to remove Trustees with respect to his or her trust. In the event that a Current Beneficiary becomes a Trustee of his or her trust, distributions of income and principal to the Current Beneficiary will be made in the discretion of the non-beneficiary Trustee. For each Dolan Children Trust, the Current Beneficiary has the power during his or her life to appoint all or part of the assets of his or her trust to or for the benefit of one or more of his or her descendants. Any unappointed portion of such trust will pass, in further trust, per stirpes to the Current Beneficiary’s then living descendants, or if none, per stirpes to the then living descendants of Charles F. Dolan, or if none, among the heirs-at-law of Charles F. Dolan.

 

The Current Beneficiary of any Dolan Children Trust can be said to have only a contingent economic interest in the securities of the Issuer held by such Dolan Children Trust because the non-beneficiary Trustee thereof has the sole discretion to distribute or accumulate the income from each Dolan Children Trust and the sole discretion to distribute the principal of each Dolan Children Trust to the Current Beneficiary of such Dolan Children Trust.

 

1

 

 

Kathleen M. Dolan is the sole Trustee of the Ryan Dolan 1989 Trust and the Tara Dolan 1989 Trust (together, the “CFD 1989 Grandchildren Trusts” and individually, a “CFD 1989 Grandchild Trust”). All of the net income of the relevant CFD 1989 Grandchild Trust is distributed to the respective beneficiary. In addition, during the continuance of the relevant CFD 1989 Grandchild Trust, the Trustee in the Trustee’s discretion may distribute the principal of the relevant CFD 1989 Grandchild Trust to or for the benefit of the respective beneficiary. Upon the respective beneficiary attaining age 40, the relevant CFD 1989 Grandchild Trust for the respective beneficiary terminates and is to be distributed to such beneficiary. If the respective beneficiary dies before attaining age 40, such beneficiary has a testamentary general power of appointment over the relevant CFD 1989 Grandchild Trust. In default of the exercise of such power of appointment, the relevant CFD 1989 Grandchild Trust will be distributed to the respective beneficiary’s then-living issue, per stirpes, or if none, to Charles F. Dolan’s then-living grandchildren, in equal shares, or if none, to Charles F. Dolan’s then-living issue, per stirpes.

 

Each of Mary S. Dolan and Corby Dolan Leinauer (each, a “2009 Family Trustee” and together, the “2009 Family Trustees”) is currently a trustee of the Charles F. Dolan 2009 Family Trusts (the “2009 Family Trusts”). The property held in the 2009 Family Trusts is held in separate trusts, such that there is one trust in respect of each living child of Charles F. Dolan. The beneficiaries of each trust are the child for whom the trust was set apart and his or her descendants (each, a “Beneficiary”). As a 2009 Family Trustee, Mary S. Dolan has the shared power to vote and dispose of all shares held by the 2009 Family Trusts. Corby Dolan Leinauer, as a 2009 Family Trustee, shares the power to vote and dispose of all shares held by the 2009 Family Trusts.

 

During the life of each child of Charles F. Dolan, distributions of income and principal of his or her trust can be made in the discretion of Mary S. Dolan and Corby Dolan Leinauer, as 2009 Family Trustees, among the Beneficiaries of each such trust. After the death or incompetence of both Charles F. Dolan and Helen A. Dolan, each child of Charles F. Dolan will have the power to appoint additional or successor Trustees, including himself or herself, and to remove Trustees with respect to his or her 2009 Family Trust. In the event that a Beneficiary becomes a Trustee of his or her 2009 Family Trust, distributions of income and principal from such 2009 Family Trust will be made in the discretion of the non-beneficiary Trustee. Charles F. Dolan has the right to substitute assets with each of the 2009 Family Trusts, subject to the 2009 Family Trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor.

 

Each child of Charles F. Dolan has a testamentary power of appointment over the 2009 Family Trust for his or her benefit, except that any shares of Class B Common Stock can only be appointed in further trust for the benefit of any one or more of the descendants of Charles F. Dolan upon substantially the same terms as the 2009 Family Trusts. Upon the death of a child of Charles F. Dolan, the 2009 Family Trustees will distribute any remaining unappointed trust principal of such trust in continuing trust for such child’s then living descendants, per stirpes. If there are no such living descendants, then the 2009 Family Trustees will distribute any remaining trust principal to the other 2009 Family Trusts for the benefit of the then living descendants of Charles F. Dolan. If there are no such living descendants, the trust principal will be distributed to the Dolan Family Foundation or any successor thereto or, if it is not then in existence, then to a charitable organization.

 

2

 

 

Each Beneficiary has a right of withdrawal with respect to certain contributions made to his or her respective trust that constitute a gift within the meaning of Chapter 12 of the Internal Revenue Code, and that do not exceed the gift tax exclusion found in Section 2503(b) of the Code. If the right of withdrawal is not exercised, such right lapses with respect to all or a certain portion of such gift on each of the following dates: (i) 30 days following Charles F. Dolan’s death, (ii) the last day of the calendar year in which such gift is made (or 60 days following the gift, if later), and (iii) the first day of the subsequent calendar year. The portion of the right of withdrawal that lapses on each such date is the greater of $5,000 and five percent of the value of the trust principal. A donor may deny any Beneficiary the right of withdrawal with respect to a gift. To the extent of this right of withdrawal, each Beneficiary of such trust may be said to have a direct economic interest in trust assets, including securities of the Issuer held by the 2009 Family Trusts. Currently, no portion of trust assets may be withdrawn by either beneficiary pursuant to the right of withdrawal.

 

Except to the extent of the right of withdrawal, each Beneficiary of the 2009 Family Trusts has only a contingent economic interest in the securities of the Issuer held by the 2009 Family Trusts because Mary S. Dolan and Corby Dolan Leinauer, as 2009 Family Trustees thereof, have the sole discretion to distribute or accumulate the income and the sole discretion to distribute the principal of the 2009 Family Trusts to each Beneficiary.

 

The following table lists each 2009 Family Trust’s name and the names of its beneficiaries (each a “Current Beneficiary”).

 

Name of Trust Current Beneficiary

 

CFD 2009 Family Trust FBO James L. Dolan James L. Dolan and his descendants

 

CFD 2009 Family Trust FBO Patrick F. Dolan Patrick F. Dolan and his descendants

 

CFD 2009 Family Trust FBO Thomas C. Dolan Thomas C. Dolan

 

CFD 2009 Family Trust FBO Kathleen M. Dolan Kathleen M. Dolan and her descendants

 

CFD 2009 Family Trust FBO Marianne Dolan Weber Marianne Dolan Weber and her descendants

 

CFD 2009 Family Trust FBO Deborah Dolan-Sweeney Deborah A. Dolan-Sweeney and her descendants

 

Each of Mary S. Dolan and Corby Dolan Leinauer (each, a “2010 Grandchildren Trustee” and together, the “2010 Grandchildren Trustees”) is currently a trustee of the Charles F. Dolan 2010 Grandchildren Trusts (the “2010 Grandchildren Trusts”). The property held in the 2010 Grandchildren Trusts is held in four separate trusts, such that there is one trust in respect of the descendants, respectively, of each of the following children of Charles F. Dolan: Patrick F. Dolan, Kathleen M. Dolan, Marianne Dolan Weber and Deborah A. Dolan-Sweeney. The beneficiaries of each trust are the descendants of each child for whom the trust was set apart (collectively, the “Beneficiaries”). As a 2010 Grandchildren Trustee, Mary S. Dolan has the shared power to vote and dispose of any shares held by the 2010 Grandchildren Trusts. Corby Dolan Leinauer, as a 2010 Grandchildren Trustee, shares the power to vote and dispose of any shares held by the 2010 Grandchildren Trusts.

 

3

 

 

Distributions of income and principal of each 2010 Grandchildren Trust can be made in the discretion of Mary S. Dolan and Corby Dolan Leinauer, as 2010 Grandchildren Trustees, to any one or more of the Beneficiaries of each such trust, without equality of treatment. After the death or incompetence of both Charles F. Dolan and Helen A. Dolan, each child of Charles F. Dolan will have the power to appoint additional or successor Trustees (not including himself or herself) and to remove Trustees with respect to the 2010 Grandchildren Trust for the benefit of his or her descendants. After the death of a child of Charles F. Dolan, a majority of the adult descendants of that child will have the power to appoint additional or successor Trustees (including themselves) and to remove Trustees with respect to the 2010 Grandchildren Trust for their benefit. In the event that a Beneficiary becomes a Trustee of the 2010 Grandchildren Trust of which he or she is a beneficiary, distributions of income and principal from such trust will be made in the discretion of the non-beneficiary Trustee. Charles F. Dolan has the right to substitute assets with each of the 2010 Grandchildren Trusts, subject to the 2010 Grandchildren Trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor.

 

Upon the death of the last surviving Beneficiary of a 2010 Grandchildren Trust, the 2010 Grandchildren Trustees will distribute any remaining trust principal to the other 2010 Grandchildren Trusts for the benefit of the then living descendants of Charles F. Dolan’s children. If there are no such living descendants, the trust principal will be distributed to the Dolan Family Foundation or any successor thereto or, if it is not then in existence, then to a charitable organization.

 

Each Beneficiary has a right of withdrawal with respect to certain contributions made to the trust of which he or she is a beneficiary that constitute a gift within the meaning of Chapter 12 of the Internal Revenue Code, and that do not exceed the gift tax exclusion found in Section 2503(b) of the Code. If the right of withdrawal is not exercised, such right lapses with respect to all or a certain portion of such gift on each of the following dates: (i) 30 days following Charles F. Dolan’s death, (ii) the last day of the calendar year in which such gift is made (or 60 days following the gift, if later), and (iii) the first day of the subsequent calendar year. A donor may deny any Beneficiary the right of withdrawal with respect to a gift. To the extent of this right of withdrawal, each Beneficiary of such trust may be said to have a direct economic interest in trust assets, including, if applicable, securities of the Issuer which may be contributed as a gift to the 2010 Grandchildren Trusts. Currently, no portion of trust assets may be withdrawn by any Beneficiary pursuant to the right of withdrawal.

 

Except to the extent of the right of withdrawal, each Beneficiary of the 2010 Grandchildren Trusts has only a contingent economic interest in any securities of the Issuer held by the 2010 Grandchildren Trusts because Mary S. Dolan and Corby Dolan Leinauer, as 2010 Grandchildren Trustees, have the sole discretion to distribute or accumulate the income and the sole discretion to distribute the principal of the 2010 Grandchildren Trusts to the Beneficiaries.

 

4

 

 

Each of Mary S. Dolan and Corby Dolan Leinauer (each, a “CFD 2012 Descendants Trustee” and together, the “CFD 2012 Descendants Trustees”) is currently a trustee of the Charles F. Dolan 2012 Descendants Trust (the “CFD 2012 Descendants Trust”). The property held in the CFD 2012 Descendants Trust is held in a single trust fund for the benefit of the twelve youngest grandchildren and any future grandchildren of Charles F. Dolan (each, a “Beneficiary” and collectively, the “Beneficiaries”). Mary S. Dolan, as a CFD 2012 Descendants Trustee, has the shared power to vote and dispose of any shares held by the CFD 2012 Descendants Trust. Corby Dolan Leinauer, as a CFD 2012 Descendants Trustee, shares the power to vote and dispose of any shares held by the CFD 2012 Descendants Trust.

 

Until the oldest Beneficiary reaches the age of 21, distributions of income and principal of the CFD 2012 Descendants Trust may be made in the discretion of Mary S. Dolan and Corby Dolan Leinauer, as CFD 2012 Descendants Trustees, to any one or more of the Beneficiaries, without equality of treatment. After the death or incompetence of both Charles F. Dolan and Helen A. Dolan, the children of Mr. and Mrs. Dolan who are the parents of the Beneficiaries will have the power, by majority vote, to appoint additional or successor trustees, including themselves, and to remove trustees. Charles F. Dolan has the right to substitute assets with the CFD 2012 Descendants Trust, subject to the CFD 2012 Descendants Trustees’ reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor.

 

When the oldest Beneficiary reaches the age of 21, the CFD 2012 Descendants Trust will terminate and any remaining principal will be divided into equal shares for the Beneficiaries and will be transferred to their separate trusts under the Charles F. Dolan 2012 Grandchildren Trust. If a future grandchild is born for whom there is no separate 2012 Grandchildren Trust, the CFD 2012 Descendants Trustees are authorized to create a trust for that grandchild with the same terms as the 2012 Grandchildren Trusts and to transfer that grandchild’s share to that trust.

 

Each Beneficiary has a right of withdrawal with respect to certain contributions made to the CFD 2012 Descendants Trust that constitute a gift within the meaning of Chapter 12 of the Internal Revenue Code and that do not exceed the gift tax exclusion found in Section 2503(b) of the Code. If the right of withdrawal is not exercised, such right lapses with respect to all or a certain portion of such gift on each of the following dates: (i) 30 days following Charles F. Dolan’s death, (ii) the last day of the calendar year in which such gift is made (or 60 days following the gift, if later), and (iii) the first day of the subsequent calendar year. A donor may deny any Beneficiary the right of withdrawal with respect to a gift. To the extent of this right of withdrawal, each Beneficiary of such trust may be said to have a direct economic interest in trust assets, including, if applicable, securities of the Issuer which may be contributed as a gift to the CFD 2012 Descendants Trust. Currently, no portion of trust assets may be withdrawn by any Beneficiary pursuant to the right of withdrawal.

 

Except to the extent of the right of withdrawal, each Beneficiary of the CFD 2012 Descendants Trust has only a contingent economic interest in any securities of the Issuer held by the CFD 2012 Descendants Trust because Mary S. Dolan and Corby Dolan Leinauer, as CFD 2012 Descendants Trustees, have the sole discretion to distribute or accumulate the income and the sole discretion to distribute the principal of the CFD 2012 Descendants Trust to the Beneficiaries.

 

5

 

 

Each of Paul J. Dolan and Mary S. Dolan is currently a trustee of the Kathleen M. Dolan 2012 Descendants Trust. Brian G. Sweeney is currently the sole trustee of the Deborah A. Dolan-Sweeney 2012 Descendants Trust. Deborah A. Dolan-Sweeney is currently the sole trustee of the Patrick F. Dolan 2012 Descendants Trust. Richard Baccari is currently the sole trustee of the Marianne E. Dolan Weber 2012 Descendants Trust (each of the foregoing trusts a “2012 Descendants Trust” and collectively, the “2012 Descendants Trusts” and each of Kathleen M. Dolan, Deborah A. Dolan-Sweeney, Marianne E. Dolan Weber and Patrick F. Dolan, the “Settlor”).

 

The beneficiaries of each 2012 Descendants Trust are the descendants of the Settlor of such trust as set forth in the table below (collectively, the “Beneficiaries”). Paul J. Dolan, as a trustee of the 2012 Descendants Trust for the benefit of the descendants of Kathleen M. Dolan, has the shared power to vote and dispose of any shares held by such 2012 Descendants Trust. Mary S. Dolan, as a trustee of the 2012 Descendants Trust for the benefit of the descendants of Kathleen M. Dolan, has the shared power to vote and dispose of any shares held by such 2012 Descendants Trust. Brian G. Sweeney, as the sole trustee of the 2012 Descendants Trust for the benefit of the descendants of Deborah A. Dolan-Sweeney, has the power to vote and dispose of any shares held by such 2012 Descendants Trust. Deborah A. Dolan-Sweeney, as the sole trustee of the 2012 Descendants Trust for the benefit of the descendants of Patrick F. Dolan, has the power to vote and dispose of any shares held by such 2012 Descendants Trust. Richard Baccari, as the sole trustee of the 2012 Descendants Trust for the benefit of the descendants of Marianne E. Dolan Weber, has the power to vote and dispose of any shares held by such 2012 Descendants Trust.

 

Distributions of income and/or principal of each 2012 Descendants Trust can be made in the discretion of its 2012 Descendants Trustee to any one or more of the Beneficiaries of each such trust, without equality of treatment. The Settlor of each 2012 Descendants Trust has the power to appoint additional or successor trustees (not including himself or herself) and to remove trustees of the 2012 Descendants Trust for the benefit of his or her descendants. Brian G. Sweeney has such power with respect to the 2012 Descendants Trust for the benefit of the descendants of Deborah A. Dolan-Sweeney after Deborah A. Dolan-Sweeney’s death. After the death of the Settlor of a 2012 Descendants Trust, the adult children of the Settlor will have the power to appoint additional or successor trustees (including themselves) of such trusts, and after their deaths, the adult grandchildren of the Settlor will have these powers. The Settlor of each 2012 Descendants Trust has the right to substitute assets with the 2012 Descendants Trust settled by him or her, subject to the reasonable satisfaction of the 2012 Descendants Trustee or Trustees of such trust that the substitute assets received by the trust are of equal value to the trust property exchanged therefor.

 

Each 2012 Descendants Trust terminates on the earlier to occur of (1) the expiration of 21 years after the death of the last surviving descendant of Charles F. Dolan who was alive at the creation of the trust or (2) the death of the last surviving descendant of the Settlor. Upon such termination, any remaining trust assets will be distributed among the Settlor’s then living descendants as determined by the Trustee in the Trustee’s discretion. If there are no descendants of the Settlor then living, the remaining trust property will be divided into equal shares for the then living grandchildren of Charles F. Dolan or, if none, into equal shares for the next generation of the then living descendants of Charles F. Dolan and will be distributed to such persons or to any trust or trusts for their benefit. If there are no then living descendants of Charles F. Dolan, any remaining trust property will pass to a charitable organization or organizations.

 

6

 

 

Each Beneficiary has a right of withdrawal with respect to certain contributions made to the 2012 Descendants Trust of which he or she is a beneficiary that constitute a gift within the meaning of Chapter 12 of the Internal Revenue Code and that do not exceed the gift tax exclusion found in Section 2503(b) of the Code. If the right of withdrawal is not exercised, such right lapses with respect to all or a certain portion of such gift on each of the following dates: (i) 30 days following the Settlor’s death, (ii) the last day of the calendar year in which such gift is made (or 60 days following the gift, if later), and (iii) the first day of the subsequent calendar year. The portion of the right of withdrawal that lapses on each such date is the greater of $5,000 and five percent of the value of the trust principal. A donor may deny any Beneficiary the right of withdrawal with respect to a gift. To the extent of this right of withdrawal, each Beneficiary may be said to have a direct economic interest in assets of the trust in which he or she has a beneficial interest, including securities of the Issuer held by the 2012 Descendants Trust. Currently, no portion of trust assets may be withdrawn by either beneficiary pursuant to the right of withdrawal.

 

Except to the extent of the right of withdrawal, the Beneficiaries of the 2012 Descendants Trusts have only a contingent economic interest in any securities of the Issuer held by the 2012 Descendants Trusts because the 2012 Descendants Trustee or Trustees of each such trust has the sole discretion to distribute or accumulate the income and the sole discretion to distribute the principal of the 2012 Descendants Trust to the Beneficiaries.

 

The following table lists each 2012 Descendants Trust’s name and the names of its beneficiaries (each a “Current Beneficiary”).

 

Name of Trust Current Beneficiary

 

Kathleen M. Dolan 2012 Descendants Trust Kathleen M. Dolan’s descendants

 

Marianne E. Dolan Weber 2012 Descendants Trust Marianne E. Dolan Weber’s descendants

 

Deborah A. Dolan-Sweeney 2012 Descendants Trust Deborah A. Dolan-Sweeney’s descendants

 

Patrick F. Dolan 2012 Descendants Trust Patrick F. Dolan’s descendants

 

Kristin A. Dolan is the sole Trustee of the CFD 2010 Grandchildren Trust FBO Aidan Dolan and the CFD 2010 Grandchildren Trust FBO Quentin Dolan (together, the “CFD Aidan and Quentin Trusts” and individually, a “CFD Aidan or Quentin Trust”). All of the net income of each CFD Aidan or Quentin Trust is distributed to the respective beneficiary. In addition, during the continuance of the relevant CFD Aidan or Quentin Trust, the Trustee in the Trustee’s discretion may distribute the principal of the relevant CFD Aidan or Quentin Trust to or to the use of the respective beneficiary.

 

After the death or incompetence of both Charles F. Dolan and Helen A. Dolan, James L. Dolan, or after the death or incompetence of James L. Dolan, Kristin A. Dolan, will have the power to appoint additional and/or successor Trustees, including himself or herself, and to remove Trustees of each CFD Aidan or Quentin Trust. After the death of Kristin A. Dolan, a majority of the competent adult children of Charles F. Dolan will have the power to appoint additional and/or successor Trustees, including themselves, and to remove Trustees. In the event that a beneficiary becomes a Trustee of his trust, distributions of income and principal from such trust will be made in the discretion of the non-beneficiary Trustee. Charles F. Dolan has the right to substitute assets with each of the CFD Aidan and Quentin Trusts, subject to the Trustee’s reasonable satisfaction that the substitute assets received by the trust are of equal value to the trust property exchanged therefor.

 

7

 

 

Upon the respective beneficiary attaining age 40, the relevant CFD Aidan or Quentin Trust terminates and is to be distributed to such beneficiary. If the respective beneficiary dies before attaining age 40, such beneficiary has a testamentary power of appointment over his trust, except that any shares of Class B Common Stock can only be appointed in further trust for the benefit of any one or more of the descendants of Charles F. Dolan. In default of the exercise of such power of appointment, the relevant CFD Aidan or Quentin Trust will be divided into separate continuing trusts for the respective beneficiary’s then-living descendants, per stirpes, or if none, for James L. Dolan’s then-living descendants, per stirpes, or if none, for Charles F. Dolan’s then-living grandchildren, in equal shares. If there are no such living grandchildren, the trust principal will be distributed to the Dolan Family Foundation or any successor thereto or, if it is not then in existence, to a charitable organization.

 

Each beneficiary has a right of withdrawal with respect to certain contributions made to his trust that constitute a gift within the meaning of Chapter 12 of the Internal Revenue Code, and that do not exceed the gift tax exclusion found in Section 2503(b) of the Code. If the right of withdrawal is not exercised, such right lapses with respect to all or a certain portion of such gift on each of the following dates: (i) 30 days following Charles F. Dolan’s death, (ii) the last day of the calendar year in which such gift is made (or 60 days following the gift, if later), and (iii) the first day of the subsequent calendar year. A donor may deny the beneficiary the right of withdrawal with respect to a gift. To the extent of this right of withdrawal, the beneficiary of such trust may be said to have a direct economic interest in trust assets, including, if applicable, securities of the Issuer which may be contributed as a gift to his trust. Currently, no portion of trust assets may be withdrawn by either beneficiary pursuant to the right of withdrawal.

 

Except to the extent of the right of withdrawal, each beneficiary of the CFD Aidan and Quentin Trusts currently has only a contingent economic interest in any securities of the Issuer held by the CFD Aidan and Quentin Trusts because Kristin A. Dolan, as Trustee of the CFD Aidan and Quentin Trusts, has the sole discretion to distribute the principal of the CFD Aidan and Quentin Trusts to their respective beneficiaries.

 

Charles F. Dolan is the settlor and a co-Trustee and Brian G. Sweeney is a co-Trustee of The Charles F. Dolan 2009 Revocable Trust (the “CFD 2009 Trust”). Charles F. Dolan is the current beneficiary of the trust. All actions by the CFD 2009 Trust, including acquisitions and dispositions of Issuer securities, voting of Issuer securities and distributions of Issuer securities, require the consent of each co-Trustee. Distributions of income and principal (including distributions of Issuer securities), and investments, can be made in the discretion of the trustees subject, in the case of certain distributions and investments that exceed specified dollar amounts, to the consent of one or more of the settlor’s children.

 

8

 

 

The settlor may amend and revoke the trust at any time with the consent of the co-Trustee and, in the case of certain amendments, a majority of the settlor’s children who do not have a personal interest in such amendment. A Trustee may be removed by a majority of the settlor’s children.

 

Charles F. Dolan and Brian Sweeney are co-Trustees of The Helen A. Dolan 2009 Revocable Trust (the “HAD 2009 Trust”). Charles F. Dolan is the current beneficiary of the trust, which terminated upon the death of Helen A. Dolan. All actions by the HAD 2009 Trust, including acquisitions and dispositions of Issuer securities, voting of Issuer securities and distributions of Issuer securities, require the consent of each co-Trustee. All income and principal (including Issuer securities) is distributable to Charles F. Dolan or, at his direction, to the Charles F. Dolan 2009 Revocable Trust.

 

Each of Mary S. Dolan and Corby Dolan Leinauer (each, a "2021 Grandchildren Trustee" and together, the "2021 Grandchildren Trustees") is currently a trustee of the CFD 2021 GC Trust FBO Kevyn Dolan and the CFD 2021 GC Trust FBO Tara Dolan (together, the "CFD Kevyn and Tara Trusts" and individually, a "CFD Kevyn or Tara Trust"). The beneficiaries of each trust are Kevyn Dolan and Tara Dolan (each the “Primary Beneficiary” of his or her trust), respectively, and his or her descendants (together with the Primary Beneficiary, the "Beneficiaries"). As a 2021 Grandchildren Trustee, Mary S. Dolan has the shared power to vote and dispose of all shares held by the CFD Kevyn and Tara Trusts. Corby Dolan Leinauer, as a 2021 Grandchildren Trustee, shares the power to vote and dispose of all shares held by the CFD Kevyn and Tara Trusts.

 

During the continuance of the relevant CFD Kevyn or Tara Trust, the Trustees in the Trustees’ discretion may distribute the income and principal of the relevant CFD Kevyn or Tara Trust to or to the use of the Beneficiaries of such trust.

 

After the death or incompetence of both Charles F. Dolan and Helen A. Dolan, Patrick F. Dolan, or after the death or incompetence of Patrick F. Dolan, the Primary Beneficiary, will have the power to appoint additional and/or successor Trustees, including himself or herself, and to remove Trustees of each CFD Kevyn or Tara Trust. Charles F. Dolan has the right to substitute assets with each of the CFD Kevyn and Tara Trusts, subject to the Trustee's satisfaction that the substitute assets received by the trust are of equivalent value to the trust property exchanged therefor.

 

9

 

 

Upon the death of the respective Primary Beneficiary, the relevant CFD Kevyn or Tara Trust terminates and such beneficiary has a testamentary power of appointment over his or her trust. In default of the exercise of such power of appointment, the relevant CFD Kevyn or Tara Trust will be divided into separate continuing trusts for the respective Primary Beneficiary's then-living descendants, per stirpes, or if none, for Patrick F. Dolan's then-living descendants, per stirpes, or if none, the trust property will be divided into shares for each child of Charles F. Dolan who has then living descendants, and each such share will be distributed to the trustees of the Charles F. Dolan 2010 Grandchildren Trust for the benefit of the descendants of the child in respect of whom such share was set apart. If there are no such living descendants, the trust principal will be distributed to the Dolan Family Foundation or any successor thereto or, if it is not then in existence, then to one or more charitable organizations selected by the 2021 Grandchildren Trustees.

 

Each beneficiary of the CFD Kevyn and Tara Trusts currently has only a contingent economic interest in any securities of the Issuer held by the CFD Kevyn and Tara Trusts because the 2021 Grandchildren Trustees have the sole discretion to distribute the principal of the CFD Kevyn and Tara Trusts to their respective beneficiaries.

 

10

 

 

Exhibit B

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Class A Common Stock, $0.01 par value, of AMC Networks Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

 

Date: January 3, 2024  
   
  *
  Charles F. Dolan
   
  /s/ James L. Dolan
  James L. Dolan
   
  /s/ Thomas C. Dolan
Thomas C. Dolan
   
+
  Patrick F. Dolan
   
  *
Kathleen M. Dolan
   
*
Marianne Dolan Weber
   
*
Deborah A. Dolan-Sweeney
   
*
Corby Dolan Leinauer
   
*
Mary S. Dolan
   
*
Paul J. Dolan
   
*
Matthew J. Dolan

 

 

 

 

 

/s/ Brian G. Sweeney
Brian G. Sweeney
   
  Charles F. Dolan 2009 REVOCABLE TRUST
   
  *
  By: Charles F. Dolan, Trustee
   
  /s/ Brian G. Sweeney
  By: Brian G. Sweeney, Trustee
   
  Charles F. Dolan Children Trust FBO Kathleen M. Dolan
   
  Charles F. Dolan Children Trust FBO James L. Dolan
   
  *
  By: Kathleen M. Dolan, Trustee
   
  *
  By: Paul J. Dolan, Trustee
   
  Charles F. Dolan Children Trust FBO Marianne Dolan Weber
   
  Charles F. Dolan Children Trust FBO Thomas C. Dolan
   
  *
  By: Kathleen M. Dolan, Trustee
   
  *
  By: Matthew J. Dolan, Trustee
   
  Charles F. Dolan Children Trust FBO Deborah Dolan-Sweeney
   
  Charles F. Dolan Children Trust FBO Patrick F. Dolan
   
  *
  By: Kathleen M. Dolan, Trustee
   
  *
  By: Mary S. Dolan, Trustee

 

 

 

 

 

  CHARLES F. DoLAN 2009 Family Trust FBO Kathleen M. Dolan
   
  CHARLES F. DoLAN 2009 Family Trust FBO Deborah A. Dolan-Sweeney
   
  CHARLES F. DoLAN 2009 Family Trust FBO Marianne E. Dolan Weber
   
  CHARLES F. DoLAN 2009 Family Trust FBO Thomas C. Dolan
   
  CHARLES F. DoLAN 2009 Family Trust FBO James L. Dolan
   
  CHARLES F. DoLAN 2009 Family Trust FBO PATRICK F. DOLAN
   
  CFD 2010 Grandchildren Trust FBO Descendants of Kathleen M. Dolan
   
  CFD 2010 Grandchildren Trust FBO Descendants of marianne dolan weber
   
  CFD 2010 Grandchildren Trust FBO Descendants of deborah dolan-sweeney
   
  charles f. dolan 2012 descendants trust
   
  CFD 2021 GC TRUST FBO KEVYN A. DOLAN
   
  CFD 2021 GC TRUST FBO TARA E. DOLAN
   
  *
  By: Mary S. Dolan, Trustee
   
  *
  By: Corby Dolan Leinauer, Trustee
   
  Ryan Dolan 1989 Trust
   
  Tara Dolan 1989 Trust
   
  *
  By: Kathleen M. Dolan, Trustee

 

 

 

 

 

    KATHLEEN M. DOLAN 2012 DESCENDANTS TRUST
     
    *
  By: Paul J. Dolan, Trustee
     
    *
    By: Mary S. Dolan, Trustee
     
    DEBORAH A. DOLAN SWEENEY 2012 DESCENDANTS TRUST
     
    /s/ Brian G. Sweeney
    By: Brian G. Sweeney, Trustee
     
    MARIANNE E. DOLAN WEBER 2012 DESCENDANTS TRUST
     
    *
    By: Richard Bacarri, Trustee
     
    PATRICK F. DOLAN 2012 DESCENDANTS TRUST
     
    *
    By: Deborah Dolan-Sweeney, Trustee
     
    CFD 2010 GRANDCHILDREN TRUST FBO AIDAN DOLAN
     
    CFD 2010 GRANDCHILDREN TRUST FBO QUENTIN DOLAN
     
    *
    By: Kristin Dolan, Trustee
     
*By: /s/ Brian G. Sweeney
  Brian G. Sweeney
  as Attorney-in-Fact
     
+By: /s/ Dennis H. Javer
  Dennis H. Javer
  as Attorney-in-Fact

 

 

 

 

 

 

Exhibit C

 

POWER OF ATTORNEY 

 

Know all by these presents, that the undersigned hereby constitutes and appoints Brian G. Sweeney, the undersigned’s true and lawful attorney-in-fact to:

 

(1)execute for and on behalf of the undersigned, in the undersigned’s capacity as an Officer and/or Director of, beneficial owner of and/or trustee of a trust which beneficially owns stock of AMC Networks Inc. (the “Company”), (i) all reports on Forms 3, 4 and 5 and any other forms required to be filed in accordance with Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules promulgated thereunder (a “Section 16 Form”), and (ii) all forms and schedules in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder, including all amendments thereto (a “Section 13 Schedule”, and, together with Section 16 Forms, the “Forms and Schedules”);

 

(2)do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Forms and Schedules, complete and execute any amendment or amendments thereto, and timely file such Forms and Schedules with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

 

(3)take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as he or she may approve in his or her discretion.

 

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that such attorney-in-fact is serving in such capacity at the request of the undersigned, and is not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 13 or Section 16 of the Exchange Act.

 

The Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file any Forms and Schedules with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to such attorney-in-fact.

 

From and after the date hereof, any Power of Attorney previously granted by the undersigned concerning the subject matter hereof is hereby revoked.

 

 

 

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 21st day of December, 2023.

 

  THE MARIANNE E. DOLAN WEBER 2012 DESCENDANTS TRUST
     
  By: /s/ Richard Baccari
    Richard Baccari, Trustee

 

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