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Scripps Networks Interactive director just declared owning 3,637 shares of Scripps Networks Interactive

Ronald W Tysoe, a director of Scripps Networks Interactive, has just filed an initial statement of beneficial ownership where 3,637 shares of Scripps Networks Interactive were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Tysoe. Tysoe operates out of Knoxville, TN. Some additional info was provided as follows:

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 3/31/16 was 27,943.36 phantom shares. Each restricted stock unit represents a contingent right to receive one SNI Class A Common Share. The restricted stock units are payable within 30 days after 5/12/16.

The above information was disclosed in a filing to the SEC. To see the filing, click here. Scripps Networks Interactive next reports earnings on May 05, 2016.

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Other recent filings from the company include the following:

Scripps Networks Interactive director just declared owning 21,668 shares of Scripps Networks Interactive - April 1, 2016
Scripps Networks Interactive director just declared owning 4,137 shares of Scripps Networks Interactive - April 1, 2016
Additional definitive proxy soliciting materials and Rule 14(a)(12) material - March 31, 2016