Edgar Filing: DOLAN CHARLES P

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â DOLAN CHARLES P

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2010

3. Issuer Name and Ticker or Trading Symbol
Madison Square Garden, Inc. [MSG]

(Last)

(First)

(Middle)

2 PENN PLAZA

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10121

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	664	D	Â
Class A Common Stock	201,172 ⁽¹⁾	I	By Father ⁽²⁾
Class A Common Stock	5,775 ⁽¹⁾	I	By Step-Mother ⁽²⁾
Class A Common Stock	1,250	I	By Father and Step-Mother, held jointly ⁽²⁾
Class A Common Stock	401.642	I	By Step-Mother in 401(k) ⁽²⁾
Class A Common Stock	2,125	I	By Father for minor children ⁽²⁾ ⁽³⁾
Class A Common Stock	625	I	By Brother ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	03/29/2013	03/29/2013	Class A Common Stock	35,000	$ ⁽⁴⁾	I	By Father ⁽²⁾
Restricted Stock Units	Â ⁽⁵⁾	Â ⁽⁵⁾	Class A Common Stock	5,023	$ ⁽⁶⁾	I	By Step-Mother ⁽²⁾
Options (Rights to Buy)	02/24/2010	06/25/2013	Class A Common Stock	41,666 ⁽⁷⁾	$ 7.49	I	By Father ⁽²⁾
Options (Rights to Buy)	02/24/2010	10/01/2014	Class A Common Stock	30,000 ⁽⁷⁾	$ 7.27	I	By Father ⁽²⁾
Options (Rights to buy)	02/24/2010	11/08/2015	Class A Common Stock	15,000 ⁽⁷⁾	$ 10.78	I	By Father ⁽²⁾
Options (Rights to buy)	02/24/2010	10/01/2014	Class A Common Stock	18,600 ⁽⁷⁾	$ 10.78	I	By Father ⁽²⁾
Options (Rights to buy)	02/24/2010	11/08/2015	Class A Common Stock	30,000 ⁽⁷⁾	$ 10.78	I	By Father ⁽²⁾
Options (Rights to buy)	02/24/2010	06/05/2016	Class A Common Stock	66,000 ⁽⁷⁾	$ 14.25	I	By Father ⁽²⁾
Options (Rights to buy)	Â ⁽⁸⁾	09/05/2014	Class A Common Stock	225,775 ⁽⁷⁾	$ 7.12	I	By Father ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DOLAN CHARLES P 2 PENN PLAZA NEW YORK,Â NYÂ 10121	Â X	Â	Â	Â

Signatures

Lawrence J. Burian, Attorney-in-Fact for Charles P. Dolan		07/23/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes restricted shares.
(2)	Reporting person disclaims beneficial ownership of all securities beneficially owned or deemed to be beneficially owned directly or indirectly by his father, step-mother or brother, including these securities, and this report shall not be deemed to be an admission that he, for purposes of Section 16 or for any other purpose, is the beneficial owner of such securities.
(3)	Held by father, James L. Dolan as custodian for minor children.
(4)	Each restricted stock unit is granted under the Madison Square Garden, Inc. ("MSG") 2010 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
(5)	The restricted stock units are fully vested on the date of the grant and will be settled in cash or in stock on the first business day 90 days after service on the Board of Directors ceases.
(6)	Each restricted stock unit is granted under the MSG 2010 Stock Plan for Non-Employee Directors and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
(7)	Options to purchase shares of Class A Common Stock granted pursuant to the MSG 2010 Employee Stock Plan.
(8)	The options vest in three equal installments on each of March 5, 2010, March 5, 2011, and March 5, 2012.

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