SEC Form 4 · accession 0001209191-16-122669
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth W Lowe
Officer — Chairman, President & CEO · Director
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 5:01 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 shareF1 | May 19, 2016 | J | 33,207 | $0.00 | A | 286,939 | D | |
| Class A Common Shares, $.01 par value per share | May 19, 2016 | J | 33,207 | $0.00 | D | 33,208 | I | Mary E. Lowe Revocable Trust |
| Common Voting Shares, $.01 par value per share | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | holding | — | — | — | — | — | Class A Common | 43,041 | 43,041 | D |
| Option | $39.44 | holding | — | — | — | Feb 18, 2011 | Feb 17, 2018 | Class A Common | 103,147 | 103,147 | D |
| Option | $53.17 | holding | — | — | — | Feb 17, 2012 | Feb 16, 2019 | Class A Common | 79,090 | 79,090 | D |
| Option | $43.59 | holding | — | — | — | Feb 16, 2013 | Feb 15, 2020 | Class A Common | 95,222 | 95,222 | D |
| Option | $62.37 | holding | — | — | — | Feb 14, 2014 | Feb 13, 2021 | Class A Common | 77,560 | 77,560 | D |
| Option | $81.24 | holding | — | — | — | Mar 1, 2015 | Feb 28, 2022 | Class A Common | 80,185 | 80,185 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Classs A Common | 4,806 | 4,806 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | — | Class A Common | 24,722 | 24,722 | D |
| Option | $72.30 | holding | — | — | — | Mar 1, 2016 | Feb 28, 2023 | Class A Common | 102,980 | 102,980 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Class A Common | 11,160 | 11,160 | D |
| Restricted Stock UnitsF3,F7 | — | holding | — | — | — | — | — | Class A Common | 20,874 | 20,874 | D |
| Option | $61.26 | holding | — | — | — | Mar 1, 2017 | Feb 29, 2024 | Class A Common | 149,561 | 149,561 | D |
Explanation of responses
- F1As part of a marital dissolution proceeding, the transaction represents the transfer of shares previously held in the Mary E. Lowe Revocable Trust. In addition, as part of the marital dissolution proceeding, Mr. Lowe ceased to have any indirect beneficial ownership in the remaining shares held by the Trust.
- F2Pursuant to the Company's 2008 Long-Term Incentive Plan, the reporting person holds 43,041 restricted share units which shall be exchanged for Class A Common Shares of the Company following the reporting person's retirement or termination of his employment under certain circumstances as set forth in a Restricted Share Unit Agreement between the Company and the reporting person.
- F3Each restricted stock unit represents a contingent right to receive one SNI Class A Common Share.
- F4The restricted stock units vest on 3/1/17.
- F5The restricted stock units vest on 12/31/16.
- F6The restricted stock units vest in equal installments on 3/1/17 and 3/1/18.
- F7The restricted stock units vest in equal installments on 3/1/17, 3/1/18 and 3/1/19.