SEC Form 4 · accession 0001209191-16-154030
E.W. SCRIPPS Co · SSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Nackey E Scagliotti
10% Owner
Period of report
Dec 6, 2016
Accepted (ET)
Dec 8, 2016 · 9:17 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000832428
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 | Dec 6, 2016 | J | 79,709 | $17.19 | A | 79,709 | D | |
| Common Voting Shares, $.01 par value per shareF2 | Dec 6, 2016 | J | 79,709 | $17.19 | D | 86,574 | I | By GRAT |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 133 | D | ||
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 393,276 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $8.14 | holding | — | — | — | Apr 26, 2008 | Apr 25, 2017 | Class A Common Shares | 5,330 | 5,330 | D |
| Option | $8.75 | holding | — | — | — | Jun 13, 2009 | Jun 12, 2018 | Class A Common Shares | 26,655 | 26,655 | D |
Explanation of responses
- F1On December 6, 2016, the reporting person exchanged assets of equal value for 79,709 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.
- F2On August 31, 2015, the reporting person contributed 166,283 Common Voting Shares to a grantor-retained annuity trust of which the reporting person is trustee, but such shares were mistakenly described as directly held on the reporting person's two previous Forms 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 June 5, 2015.