SEC Form 4 · accession 0001209191-17-017760
E.W. SCRIPPS Co · SSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Sebastian Scripps
10% Owner
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:24 pm 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 shareF2 | Mar 1, 2017 | J | 289,819 | $23.64 | D | 244,845 | I | By GRAT |
| Common Voting Shares, $.01 par value per share | Mar 1, 2017 | J | 289,819 | $23.64 | A | 289,819 | D | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 100 | D | ||
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 100 | I | Through Child | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 100 | I | Through Child | |
| Class A Common Shares, $.01 par value per shareF2 | holding | — | — | — | 653,204 | I | By GRAT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 1, 2017, the reporting person exchanged assets of equal value for 289,819 Class A Common 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 Class A Common Shares are again directly owned by the reporting person.
- F2These shares were previously reported as directly beneficially owned, but were contributed on September 9, 2016, to a grantor retained annuity trust of which the reporting person is trustee.
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.