SEC Form 4 · accession 0001209191-18-018140
Scripps Networks Interactive, Inc. · SNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald W Tysoe
Director
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 5:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001430602
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Mar 6, 2018 | D | 28,807 | D | — | — | Class A Common | 28,807 | 0 | D |
| Restricted Stock UnitsF2 | — | Mar 6, 2018 | D | 1,949 | D | — | — | Class A Common | 1,949 | 0 | D |
| OptionsF3 | — | Mar 6, 2018 | D | 33,576 | D | — | — | Class A Common | 33,576 | 0 | D |
Explanation of responses
- F1Each phantom stock unit was converted into the right to receive $90.00 in cash for each phantom stock unit.
- F2Seventy percent of the reporting person's outstanding restricted stock units were converted into the right to receive a lump sum cash payment equal to (i) the number of shares subject to such percentage of the reporting person's restricted stock units, multiplied by (ii) $90.00. The remaining thirty percent of the reporting person's outstanding restricted stock units were converted into the right to receive a number of shares of Discovery Series C Common Stock equal to the product of (i) of the number of shares subject to such percentage of the reporting person's outstanding restricted stock units and (ii) 3.9392.
- F3Each outstanding option to purchase Class A Common Shares was cancelled in exchange for a cash payment equal to the excess of $90.00 over the exercise price of such option.