SEC Form 4 · accession 0001209191-16-107537
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
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 share | Mar 8, 2016 | J | 311,527 | $63.405 | A | 519,085 | D | |
| Common Voting Shares, $.01 par value per share | Mar 8, 2016 | J | 311,527 | $63.405 | D | 282,912 | I | By GRATs |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 248,253 | D | ||
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 1,852 | I | By foundation |
Table II — derivative securities
Explanation of responses
- F1On March 8, 2016, the reporting person exchanged assets of equal value for 311,527 Common Voting Shares, which were valued based on the average of the high and low market price of the Class A Common Shares on such date, with a grantor-retained annuity trust of which the reporting person is trustee. As a result, these Common Voting Shares are again directly owned by the reporting person.
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, June 5, 2015, October 1, 2015 and December 31, 2015.