Scripps Networks Interactive (SNI) Form 4 Scripps Networks Interactive / NICHOLAS B PAUMGARTEN 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^*

PAUMGARTEN NICHOLAS B

(Last) (First) (Middle)

9721 SHERRILL BOULEVARD

(Street)

KNOXVILLE TN 37932

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2016

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								24,483	D
Class A Common Shares, $.01 par value per share								1,700	I	By wife
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	$40.42							04/26/2008	04/25/2017	Class A Common	10,710		10,710	D
Option	$43.41							06/13/2009	06/12/2018	Class A Common	10,710		10,710	D
Phantom Stock	$62.27	06/30/2016		A		383.29		(1)	(1)	Class A Common	383.29(1)	(1)	17,853.49(1)	D
Option	$44.1							04/28/2011	04/27/2018	Class A Common	5,231		5,231	D
Option	$51.76							05/18/2012	05/17/2019	Class A Common	4,294		4,294	D
Option	$53.38							05/15/2013	05/14/2020	Class A Common	5,096		5,096	D
Option	$68.14							05/14/2014	05/13/2021	Class A Common	3,837		3,837	D
Option	$75.16							05/13/2015	05/12/2022	Class A Common	4,376		4,376	D
Option	$66.71							05/12/2016	05/11/2023	Class A Common	5,162		5,162	D
Option	$66.25							05/11/2017	05/10/2024	Class A Common	5,580		5,580	D
Restricted Stock Unit	(2)							(3)	(3)	Class A Common	1,159		1,159	D

Explanation of Responses:

1. Pursuant to the company's 2008 Deferred Compensation and Stock Plan for Directors, directors may defer fees into a phantom stock fund. Under this plan, fees are converted quarterly into phantom shares at the fair market value of the company's Class A Common shares on the last trading day of each quarter. Upon retirement as a director or at another specified date, the balance may be paid in either shares or cash. The balance at 6/30/16 was 17,853.49 phantom shares.

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

3. The restricted stock units are payable within 30 days after 5/11/17.

Remarks:

	/s/ Cynthia L. Gibson, Attorney-in-fact for Nicholas B. Paumgarten	07/05/2016
	** 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).
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