SEC Form 4 · accession 0001209191-16-115580
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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $.01 par value per share | Mar 16, 2016 | M | 8,568 | $43.55 | A | 8,568 | D | |
| Class A Common Shares, $.01 par value per shareF1 | Mar 16, 2016 | S | 5,675 | $65.8248 | D | 2,893 | D | |
| Class A Common Shares, $.01 par value per share | Apr 19, 2016 | G | 2,893 | $0.00 | D | 0 | D | |
| Class A Common Shares, $.01 par value per shareF2 | Apr 19, 2016 | G | 2,893 | $0.00 | A | 14,078 | 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 | $43.55 | Mar 16, 2016 | M | 8,568 | D | May 4, 2007 | May 3, 2016 | Class A Common Shares | 8,568 | 0 | 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 $65.80 - $65.8825. 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.
- 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 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.