SEC Form 4 · accession 0001209191-18-015538
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, 2018
Accepted (ET)
Mar 2, 2018 · 3:31 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 28, 2018 | M | 5,580 | $0.00 | A | 255,747 | D | |
| Class A Common Shares, $.01 par value per share | Feb 28, 2018 | F | 2,065 | $89.86 | D | 253,682 | D | |
| Class A Common Shares, $.01 par value per share | Feb 28, 2018 | M | 6,958 | $0.00 | A | 260,640 | D | |
| Class A Common Shares, $.01 par value per share | Feb 28, 2018 | F | 2,575 | $89.86 | D | 258,065 | D | |
| Class A Common Shares, $.01 par value per share | Feb 28, 2018 | M | 6,876 | $0.00 | A | 264,941 | D | |
| Class A Common Shares, $.01 par value per share | Feb 28, 2018 | F | 2,545 | $89.86 | D | 262,396 | 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 | — | Feb 28, 2018 | A | 28,953 | A | — | — | Class A Common | 28,953 | 28,953 | D |
| Restricted Stock UnitF1,F3 | — | Feb 28, 2018 | A | 36,226 | A | — | — | Class A Common | 36,226 | 36,226 | D |
| Restricted Stock UnitF1,F4 | — | Feb 28, 2018 | A | 157,928 | A | — | — | Class A Common | 157,928 | 157,928 | D |
| Restricted Stock UnitF1,F5 | — | Feb 28, 2018 | M | 5,580 | D | — | — | Class A Common | 5,580 | 0 | D |
| Restricted Stock UnitF1,F6 | — | Feb 28, 2018 | M | 6,958 | D | — | — | Class A Common | 13,916 | 6,958 | D |
| Restricted Stock UnitF1,F7 | — | Feb 28, 2018 | M | 6,876 | D | — | — | Class A Common | 20,628 | 13,752 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one SNI Class A Common Share.
- F250% of the restricted stock units vested on 2/28/18 and the other 50% vest on 2/28/19.
- F3The restricted stock units vested on 12/31/2017.
- F430% of the restricted stock units vested on 12/31/17, 30% vest on 12/31/18 and 40% vest on 12/31/19.
- F5As reported hereon, the restricted stock units vested on 2/28/18 and were paid out in Class A Common Shares.
- F6As reported hereon, 50% of the restricted stock units vested on 2/28/18 and were paid out in Class A Common Shares and the remainder vest on 3/1/19.
- F7As reported hereon, 1/3 of the restricted stock units vested on 2/28/2018 and were paid out in Class A Common Shares and the remainder vest in equal installments on 3/1/19 and 3/1/20.