Kent Philip I 4
4 · Scripps Networks Interactive, Inc. · Filed Mar 8, 2018
Insider Transaction Report
Form 4
Kent Philip I
Director
Transactions
- Disposition to Issuer
Restricted Stock Unit
2018-03-06−1,949→ 0 total→ Class A Common (1,949 underlying)
Footnotes (1)
- [F1]Seventy 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.