SEC Form 4 · accession 0001209191-17-015050
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward W Scripps
10% Owner
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 8:13 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $.01 par value per share | Feb 23, 2017 | M | 8,568 | $40.42 | A | 339,266 | D | |
| Class A Common Shares, $.01 par value per shareF1 | Feb 23, 2017 | S | 8,568 | $82.3653 | D | 330,698 | D | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 671,681 | I | By Trust | |
| Common Voting Shares, $.01 par value per share | holding | — | — | — | 1,713,211 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $40.42 | Feb 23, 2017 | M | 8,568 | D | Apr 26, 2008 | Apr 25, 2017 | Class A Common Shares | 8,568 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.94 to $82.82, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.
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 January 4, 2017.