SEC Form 4 · accession 0001209191-16-150973
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julia Scripps Heidt
10% Owner
Period of report
Nov 10, 2016
Accepted (ET)
Nov 17, 2016 · 6:16 pm EST
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 share | Nov 10, 2016 | J | 171,863 | $66.20 | D | 0 | I | By GRATs |
| Common Voting Shares, $.01 par value per share | Nov 10, 2016 | J | 171,863 | $66.20 | A | 801,997 | D | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 177,726 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 10, 2016, the reporting person exchanged assets of equal value for 171,863 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 last amended on October 7, 2016.