SEC Form 4 · accession 0001209191-17-017774
E.W. SCRIPPS Co · SSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward W Scripps
10% Owner
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:26 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | M | 10,661 | $8.14 | A | 10,661 | D | |
| Class A Common Shares, $.01 par value per share | Mar 1, 2017 | J | 662,593 | $23.64 | A | 673,254 | D | |
| Class A Common Shares, $.01 par value per shareF2 | Mar 1, 2017 | J | 662,593 | $23.64 | D | 10,661 | I | By GRAT |
| Common Voting Shares, $.01 par value per share | Mar 1, 2017 | J | 31,197 | $23.64 | A | 31,197 | D | |
| Common Voting Shares, $.01 par value per share | Mar 1, 2017 | J | 31,197 | $23.64 | D | 586,119 | 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 | Mar 1, 2017 | M | 10,661 | D | Apr 26, 2008 | Apr 25, 2017 | Class A Common Shares | 10,661 | 0 | D |
Explanation of responses
- F1On March 1, 2017, the reporting person exchanged assets of equal value for 662,593 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 indirectly beneficially owned through a revocable living trust, but such shares were contributed to a grantor retained annuity trust of which the reporting person is trustee on September 9, 2016.
- F3On March 1, 2017, the reporting person exchanged assets of equal value for 31,197 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.
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.