SEC Form 4 · accession 0001209191-18-036485
E.W. SCRIPPS Co · SSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nackey E Scagliotti
10% Owner
Period of report
Jun 5, 2018
Accepted (ET)
Jun 7, 2018 · 6:19 pm EDT
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 shareF1 | Jun 5, 2018 | M | 26,655 | $8.75 | A | 221,273 | D | |
| Class A Common Shares, $.01 par value per share | holding | — | — | — | 204,121 | I | By GRAT | |
| Common Voting Shares, $.01 par value per shareF2 | holding | — | — | — | 166,283 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $8.75 | Jun 5, 2018 | M | 26,655 | D | Jun 13, 2009 | Jun 12, 2018 | Class A Common Shares | 26,655 | 0 | D |
Explanation of responses
- F1189,155 of these Class A Common Shares were previously reported as indirectly beneficially owned through a grantor-retained annuity trust ("GRAT") of which the reporting person is trustee, but on November 22, 2017 such shares were delivered to the reporting person in satisfaction of the GRAT's annuity obligations. As a result, such shares are again directly owned by the reporting person.
- F286,574 of these Common Voting Shares were previously reported as indirectly beneficially owned through a grantor-retained annuity trust ("GRAT") of which the reporting person is trustee, but on December 14, 2017 such shares were delivered to the reporting person in satisfaction of the GRAT's annuity obligations. As a result, such 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, as amended on March 29, 2017, 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 April 7, 2017.