Lowe Kenneth W Form 4 Scripps Networks Interactive / KENNETH W LOWE ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LOWE KENNETH W

(Last) (First) (Middle)

312 WALNUT STREET, 18TH FLOOR

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Scripps Networks Interactive, Inc. [ SNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares, $.01 par value per share	03/15/2015		M		19,518	A	$0.00	191,250	D
Class A Common Shares, $.01 par value per share	03/15/2015		F		8,188	D	$71.91	183,062	D
Class A Common Shares, $.01 par value per share								66,415	I	Wife's Trust
Common Voting Shares, $.01 par value per share								0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option	$39.8							02/21/2009	02/20/2016	Class A Common	83,875		83,875	D
Restricted Stock Units	(1)							(1)	(1)	Class A Common	43,041		43,041	D
Option	$39.44							02/18/2011	02/17/2018	Class A Common	103,147		103,147	D
Option	$53.17							02/17/2012	02/16/2019	Class A Common	79,090		79,090	D
Option	$43.59							02/16/2013	02/15/2020	Class A Common	95,222		95,222	D
Restricted Stock Units	(2)							(3)	(3)	Class A Common	50,000		50,000	D
Option	$62.37							02/14/2014	02/13/2021	Class A Common	77,560		77,560	D
Restricted Stock Units	(2)							(4)	(4)	Class A Common	5,676		5,676	D
Restricted Stock Units	(2)	03/15/2015		M			19,518	(5)	(5)	Class A Common	19,518	$0.00	0	D
Option	$81.24							03/01/2015	02/28/2022	Class A Common	80,185		80,185	D
Restricted Stock Units	(2)							(6)	(6)	Classs A Common	9,613		9,613	D
Restricted Stock Units	(2)							(7)	(7)	Class A Common	49,444		49,444	D
Restricted Stock Units	(2)							(8)	(8)	Class A Common	4,768		4,768	D
Option	$72.3							03/01/2016	02/28/2023	Class A Common	102,980		102,980	D
Restricted Stock Units	(2)							(9)	(9)	Class A Common	16,740		16,740	D

Explanation of Responses:

1. Pursuant to the Company's 2008 Long-Term Incentive Plan, the reporting person holds 43,041 restricted share units which shall be exchanged for Class A Common Shares of the Company following the reporting person's retirement or termination of his employment under certain circumstances as set forth in a Restricted Share Unit Agreement between the Company and the reporting person.

2. Each restricted stock unit represents a contingent right to receive one SNI Class A Common Share.

3. The restricted stock units vest on 8/1/15.

4. The restricted stock units vest on 2/14/16.

5. As reported hereon, the restricted stock units vested on 3/15/15 and were paid out in Class A Common Shares.

6. The restricted stock units vest equally on 3/1/16 and 3/1/17.

7. The restricted stock units vest 50% on 12/31/15 and 50% on 12/31/16.

8. The restricted stock units vest on 2/27/16.

9. The restricted stock units vest in equal installments on 3/1/16, 3/1/17 and 3/1/18.

Remarks:

	/s/ Cynthia L. Gibson, Attorney-in-fact for Kenneth W. Lowe	03/17/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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