SEC Form 4 · accession 0001209191-17-016713
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
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 4:49 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 | Mar 1, 2017 | M | 4,806 | $0.00 | A | 214,639 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | F | 2,017 | $79.99 | D | 212,622 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | M | 5,580 | $0.00 | A | 218,202 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | F | 2,210 | $79.99 | D | 215,992 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | M | 6,958 | $0.00 | A | 222,950 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | F | 2,756 | $79.99 | D | 220,194 | 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 UnitF1,F2 | — | Mar 1, 2017 | M | 4,806 | D | — | — | Class A Common | 4,806 | 0 | D |
| Restricted Stock UnitF1,F3 | — | Mar 1, 2017 | M | 5,580 | D | — | — | Class A Common | 11,160 | 5,580 | D |
| Restricted Stock UnitF1,F4 | — | Mar 1, 2017 | M | 6,958 | D | — | — | Class A Common | 20,874 | 13,916 | D |
| Restricted Stock UnitF1,F5 | — | Mar 1, 2017 | A | 20,628 | A | — | — | Class A Common | 20,628 | 20,628 | D |
| Restricted Stock UnitF1,F6 | — | Feb 28, 2017 | A | 22,449 | A | — | — | Class A Common | 22,449 | 22,449 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one SNI Class A Common Share.
- F2As reported hereon, the restricted stock units vested on 3/1/17 and were paid out in Class A Common Shares.
- F3As reported hereon, 50% of the restricted stock units vested on 3/1/17 and were paid out in Class A Common Shares and the remainder vest on 3/1/18.
- F4As reported hereon, 1/3 of the restricted stock units vested on 3/1/2017 and were paid out in Class A Common Shares and the remainder vest in equal installments on 3/1/18 and 3/1/19.
- F5The restricted stock units vest in equal installments on 3/1/18, 3/1/19 and 3/1/20.
- F650% of the restricted stock units vested on 2/28/17 and the other 50% vest on 2/28/18.