Margaret Scripps Klenzing - May 12, 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
10%+ Owner
Signature
/s/ Tracy Tunney Ward on behalf of Miramar Services, Inc. as Attorney-In-Fact for Margaret Scripps Klenzing
Stock symbol
SSP
Transactions as of
May 12, 2022
Transactions value $
$149,208
Form type
4
Date filed
5/16/2022, 05:38 PM
Next filing
Nov 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSP Class A Common Shares, $.01 par value per share Purchase $149K +10K +3.21% $14.92 322K May 12, 2022 Direct F1, F2
holding SSP Common Voting Shares, $.01 par value per share 267K May 12, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.86 to $14.94, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.
F2 4,855 of these shares were previously reported as indirectly beneficially owned through a grantor-retained annuity trust ("GRAT") of which the reporting person is trustee, but such shares were delivered back to the reporting person on September 11, 2018 in satisfaction of the GRAT's annuity obligations. As a result, these Class A Common Shares are again directly owned by the reporting person.
F3 These shares were previously reported as indirectly beneficially owned through a GRAT of which the reporting person is trustee, but such shares were delivered back to the reporting person on September 11, 2017 and September 11, 2018 in satisfaction of the GRAT's annuity obligations. 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 Second Amended and Restated Scripps Family Agreement, dated March 26, 2021, 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 5, 2021.