SEC Form 4 · accession 0001209191-15-070894
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eaton M Scripps
10% Owner
Period of report
Sep 15, 2015
Accepted (ET)
Sep 16, 2015 · 10:27 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001430602
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Voting Shares, $.01 par value per shareF1 | Sep 15, 2015 | P | 33,310 | $67.47 | A | 1,713,289 | D | |
| Class A Common Shares, $.01 par value per shareF2 | holding | — | — | — | 469,721 | I | By GRAT | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 11,801 | D | ||
| Common Voting Shares, $.01 par value per shareF3 | holding | — | — | — | 570,000 | I | By GRAT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 was set on June 12, 2015, using a formula based on the average closing market price of the previous 15 trading days in accordance with the Amended and Restated Scripps Family Agreement dated May 19, 2015, to which the reporting person is a party.
- F2380,000 of these shares were previously reported as directly beneficially owned, but were contributed to a grantor retained annuity trust of which the reporting person is trustee on September 4, 2015.
- F3These shares were previously reported as directly beneficially owned, but were contributed to a grantor retained annuity trust of which the reporting person is trustee on September 4, 2015.
Remarks
The reporting person may be deemed to have shared voting power with respect to more than 10% of the Class A Common Shares of the Issuer (due solely to the convertibility of Common Voting Shares of the Company into Class A Common Shares on a share-for-share basis) due to the voting provisions of the Amended and Restated Scripps Family Agreement dated May 19, 2015, to which the reporting person is a party. The reporting person filed a Schedule 13D with the Commission on January 24, 2013, as amended March 18, 2013, September 20, 2013, April 1, 2014, July 7, 2014, October 10, 2014, January 14, 2015 and June 5, 2015.