Document:

SIP 2015 Ex 4-3

Exhibit 4.3
	
			
	NUMBER
	 
	SHARES

	
			
	COMMON STOCK
PAR VALUE $5.00 EACH
	 
	COMMON STOCK
PAR VALUE $5.00 EACH
CUSIP 842587 10 7

	
			
	 
	THE SOUTHERN COMPANY
	SEE REVERSE FOR
CERTAIN DEFINITIONS

	
					
	INCORPORATED UNDER THE
-LAWS-
OF THE STATE
-OF-
DELAWARE
	 
	This Certifies that
	 
	THIS CERTIFICATE IS TRANSFERABLE
IN
JERSEY CITY, NJ
CANTON, MA
COLLEGE STATION, TX

	 
	 
	is the owner of
	 
	 

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK
of The Southern Company (hereinafter called the Corporation) transferable on the books of the Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Certificate of Incorporation and all amendments thereto (copies of which are on file with the Transfer Agent) to all of which the holder by the acceptance hereof assents. This certificate is not valid unless countersigned by a Transfer Agent and registered by a Registrar.
Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.
	
			
	Dated:

SECRETARY
	[SEAL]
	The Southern Company

BY

PRESIDENT

	
		
	COUNTERSIGNED AND REGISTERED:
COMPUTERSHARE, INC.
TRANSFER AGENT
AND REGISTRAR

By

AUTHORIZED SIGNATURE
	 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:
	
					
	TEN COM
	-as tenants in common
	 
	UNIF GIFT MIN ACT-
	_______Custodian _______
(Cust)                    (Minor)

	TEN ENT
	-as tenants by the entireties
	 
	 
	under Uniform Gifts to
Minors Act _______________
                          (State)

	JT TEN
	-as joint tenants with right of survivorship and not as tenants in common
	 
	 
	 

Additional abbreviations may also be used though not in the above list.

For value received, _­­­­­­­­­­­­­­­­_______________________________________________ hereby sell, assignee and transfer unto

	
			
	PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
	 
	 

	

	

	 

	

	PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE
	 

	

	

	 

	 
	 
	Shares

of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint ________ ______________________________________________ Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises.
Dated,__________________________

SIGNATURE GUARANTEE:
	
			
	 
	 
	 

	 
	 
	 

	 
	NOTICE:
	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATEVER.

	 
	 
	 

	 
	 
	SIGNATURE MUST BE GUARANTEED
BY A QUALIFIED GUARANTORExhibit 10.39

 

SINCLAIR BROADCAST GROUP, INC.

 

STOCK APPRECIATION RIGHT AGREEMENT

 

THIS STOCK APPRECIATION RIGHT AGREEMENT (this “Agreement”) is made and entered into as of this 2nd day of February, 2015 (the “Grant Date”) between Sinclair Broadcast Group, Inc., a Maryland corporation (the “Company”), and David D. Smith (“Smith”).

 

RECITALS

 

WHEREAS, the Company had adopted the 1996 Long-Term Incentive Plan of Sinclair Broadcast Group, Inc. (the “Plan”) to reward certain key individuals for making contributions to the Company and its subsidiaries by enabling them to acquire shares of Class A Common Stock, par value $.01 per share (“Common Stock”), of the Company; and

 

WHEREAS, the Company desires to grant to Smith stock-settled compensation based on the appreciation in value of three hundred and ten thousand (310,000) shares of Common Stock (the “SARs”) pursuant to the Plan and upon the terms and subject to the conditions hereinafter set forth.

 

AGREEMENTS

 

NOW, THEREFORE, IN CONSIDERATION OF the foregoing premises, the parties to this Agreement agree as follows:

 

1.                                      Grant of SARs.  Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to Smith the fully vested right to receive Common Stock of the Company equal in value to the difference between the SARs’ base value of Twenty Four Dollars and Ninety Three Cents ($24.93) per SAR, which is the fair market value of one share of Common Stock on the date of grant under the Plan, and the per share closing price of the Company’s Common Stock on the date of exercise.

 

2.                                      Relationship to Plan.  The SARs are issued in accordance with and subject to all of the terms, conditions, and provisions of the Plan, as amended from time to time and administrative interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof.  Except as defined herein or otherwise stated, capitalized terms shall have the same meanings ascribed to them under the Plan.

 

3.                                      Termination of SARs.  The SARs hereby granted shall terminate and be of no force and effect with respect to any shares of Common Stock not previously acquired by Smith on the tenth (10th) anniversary of the Grant Date.

 

4.                                      Exercise of SARs.  Subject to the limitations herein and in the Plan, the SARs may be exercised with respect to the shares of Common Stock, in whole or in part, at any time on

 

 

or prior to the tenth (10th) anniversary of the Grant Date, regardless of Smith’s service status, by written notice to the Company at its principal executive office.  Notwithstanding any contrary provision of this Agreement or the Plan, the exercise price of a SAR shall not be less than the fair market value of the Common Stock on the date of grant under the Plan.

 

5.                                      Transferability.  The SARs shall not be transferable except by will or by the laws of descent and distribution.  During Smith’s lifetime, the SARs may be exercised only by Smith.  No assignment or transfer of the SARs, whether voluntary or involuntary, by operation of law or otherwise, except a transfer by will or by the laws of descent or distribution, shall vest in the assignee or transferee any interest or right whatsoever in the SARs.

 

6.                                      No Rights as Stockholder.  Smith shall not have any rights as a stockholder of the Company with respect to any of the shares subject to the SARs, except to the extent that such shares shall have been acquired by and transferred to Smith.

 

7.                                      Dissolution or Merger.  Upon the dissolution or liquidation of the Company, a merger or consolidation in which the Company is not the surviving corporation, or a transaction in which another individual or entity becomes the owner of fifty percent (50%) or more of the total combined voting power of all classes of stock of the Company, the unexercised portion of the SARs shall terminate, but Smith shall have the right to exercise the unexercised portion of the SARs immediately prior to such event.

 

8.                                      Withholding for Tax Purposes.  Any amount of Common Stock that is payable or transferable to Smith hereunder may be reduced by any amount or amounts which the Company is required to withhold under the then applicable provisions of the Internal Revenue Code of 1986, as amended, or its successors, or any other federal, state, or local tax withholding requirement.  If Smith does not elect to satisfy withholding requirements in this fashion, the issuance of the shares of Common Stock transferable to Smith hereunder shall be contingent upon Smith’s satisfaction of any withholding obligations that may apply and Smith’s presentation of evidence satisfactory to the Board that such withholding obligations have been satisfied.

 

9.                                      Notice.  Whenever any notice is required or permitted hereunder, such notice must be in writing and personally delivered or sent by mail.  Any notice required or permitted to be delivered hereunder will be deemed to be delivered on the date that it is personally delivered or, whether actually received or not, on the third (3rd) business day after it is deposited in the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address that such person has heretofore specified by written notice delivered in accordance herewith.  The Company or Smith may change, at any time and from time to time, by written notice to the other, the address that it or he had therefore specified for receiving notices.

 

2

 

Until changed in accordance herewith, the Company and Smith specify their respective addresses as set forth below:

 

	
Company:
    	
 
    	
Sinclair   Broadcast Group, Inc.
    
	
 
    	
 
    	
10706   Beaver Dam Road
    
	
 
    	
 
    	
Cockeysville,   Maryland 21030
    
	
 
    	
 
    	
Attn:
    	
David   B. Amy,
    
	
 
    	
 
    	
 
    	
Executive   Vice President
    
	
 
    	
 
    	
 
    
	
with   copy to:
    	
 
    	
Sinclair   Broadcast Group, Inc.
    
	
 
    	
 
    	
10706   Beaver Dam Road
    
	
 
    	
 
    	
Cockeysville,   Maryland 21030
    
	
 
    	
 
    	
Attn:
    	
Executive   Vice President/General Counsel
    
	
 
    	
 
    	
 
    
	
Smith:
    	
 
    	
David   D. Smith
    
	
 
    	
 
    	
c/o   Sinclair Broadcast Group, Inc.
    
	
 
    	
 
    	
10706   Beaver Dam Road
    
	
 
    	
 
    	
Cockeysville,   Maryland 21030
    

 

10.                               Amendment.  Notwithstanding any other provision hereof, this Agreement may not be supplemented or amended from time to time without the written consent of Smith and the Company.

 

11.                               Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Maryland applicable to agreements made and to be performed entirely in Maryland.

 

12.                               Counterparts.  This Agreement may be executed in multiple counterparts.  The Company and Smith may sign any number of copies of this Agreement.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

[REST OF PAGE LEFT INTENTIONALLY BLANK

– SIGNATURES ON FOLLOWING PAGE]

 

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IN WITNESS WHEREOF, the Company and Smith have caused this Agreement to be executed as of the date first above written.

 

 

	
WITNESS:
    	
 
    	
 
    	
SINCLAIR   BROADCAST GROUP, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
Name:
    	
David   B. Amy
    
	
 
    	
 
    	
Title:
    	
Executive   Vice President & COO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
(SEAL)
    
	
 
    	
 
    	
 
    	
David   D. Smith
    
						

 

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