SEC Form 4 · accession 0001209191-15-071874
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Paul K Scripps
10% Owner
Period of report
Apr 2, 2015
Accepted (ET)
Sep 22, 2015 · 5:11 pm 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $.01 par value per share | Apr 2, 2015 | M | 8,568 | $47.87 | A | 8,568 | D | |
| Class A Common Shares, $.01 par value per shareF1 | Apr 2, 2015 | S | 5,946 | $69.0608 | D | 2,622 | D | |
| Class A Common Shares, $.01 par value per share | Apr 2, 2015 | G | 2,622 | $0.00 | D | 0 | D | |
| Class A Common Shares, $.01 par value per shareF2 | Apr 2, 2015 | G | 2,622 | $0.00 | A | 11,185 | I | As Trustee |
| Common Voting Shares, $.01 par value per shareF3 | holding | — | — | — | 349,018 | I | As Co-Trustee | |
| Common Voting Shares, $.01 par value per shareF4 | holding | — | — | — | 349,018 | I | As Co-Trustee | |
| Common Voting Shares, $.01 par value per shareF5 | holding | — | — | — | 349,018 | I | As Co-Trustee | |
| Common Voting Shares, $.01 par value per shareF6 | holding | — | — | — | 49,382 | I | As Co-Trustee | |
| Common Voting Shares, $.01 par value per shareF7 | holding | — | — | — | 33,780 | I | As Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $47.87 | Apr 2, 2015 | M | 8,568 | D | Apr 14, 2006 | Apr 13, 2015 | Class A Common Shares | 8,568 | 0 | D |
| Option | $43.55 | holding | — | — | — | May 4, 2007 | May 3, 2016 | Class A Common Shares | 8,568 | 8,568 | D |
| Option | $40.42 | holding | — | — | — | Apr 26, 2008 | Apr 25, 2017 | Class A Common Shares | 8,568 | 8,568 | D |
Explanation of responses
- F1Price reported is the average weighted price of shares sold. Shares were sold at varying prices in the range of $69.05 - $69.10. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F2These shares are owned directly by The Paul K. Scripps Family 1994 Revocable Trust dated 2/7/1994 and indirectly by Paul K. Scripps, the Trustee of The Paul K. Scripps Family 1994 Revocable Trust dated 2/7/1994. 3,395 of these shares were previously reported as directly beneficially owned by Paul K. Scripps, but were contributed to The Paul K. Scripps Family 1994 Revocable Trust dated 2/7/1994.
- F3These shares are owned directly by the John P. Scripps Trust FBO Barbara Scripps Evans U/A dated 2/10/77 and indirectly by Paul K. Scripps, a Co-Trustee of the John P. Scripps Trust FBO Barbara Scripps Evans U/A dated 2/10/77.
- F4These shares are owned directly by the John P. Scripps Trust FBO Paul K. Scripps U/A dated 2/10/77 and indirectly by Paul K. Scripps, a Co-Trustee of the John P. Scripps Trust FBO Paul K. Scripps U/A dated 2/10/77.
- F5These shares are owned directly by the John P. Scripps Trust FBO Peter M. Scripps U/A dated 2/10/77 and indirectly by Paul K. Scripps, a Co-Trustee of the John P. Scripps Trust FBO Peter M. Scripps U/A dated 2/10/77.
- F6These shares are owned directly by the John P. Scripps Trust FBO Exempt Trust U/A dated 2/10/77 and indirectly by Paul K. Scripps, a Co-Trustee of the John P. Scripps Trust Exempt Trust U/A dated 2/10/77.
- F7These shares are owned directly by the John P. Scripps Trust FBO Ellen McRae Scripps U/A dated 12/28/1984 and indirectly by Paul K. Scripps, the Trustee of the John P. Scripps Trust FBO Ellen McRae Scripps U/A dated 12/28/1984.
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 25, 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.