Corina S. Granado - 11 Jul 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 Corina S. Granado
Issuer symbol
SSP
Transactions as of
11 Jul 2022
Net transactions value
$0
Form type
4
Filing time
13 Jul 2022, 16:16:14 UTC
Next filing
07 Nov 2022
SEC
View on sec.gov

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 Gift $0 -221,506 -100% $0.000000* 0 11 Jul 2022 By GRAT F1
holding SSP Class A Common Shares, $.01 par value per share 330,275 11 Jul 2022 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 266,833 11 Jul 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 11, 2022, a grantor retained annuity trust ("GRAT") of which the reporting person is trustee transferred 221,506 Class A Common Shares to the remainder beneficiaries of the GRAT in satisfaction of the GRAT's obligations upon its termination.
F2 91,329 of these Class A Common 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 in satisfaction of that GRAT's annuity obligations. As a result, these Class A Common Shares are again directly owned by the reporting person.
F3 20,972 of these Common Voting 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 in satisfaction of that 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.