XNYS:SNI Scripps Networks Interactive Inc Insider Activity 4 Filing - 2/16/2012

Effective Date 2/16/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LOWE KENNETH W
  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
(Last)
(First)
(Middle)
312 WALNUT STREET, 18TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2012
(Street)

CINCINNATI, OH 45202
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/17/2012   M   6,207 A $ 0 334,610 D  
Class A Common Shares, $.01 par value per share 02/17/2012   F   1,642 D $43.99 332,968 D  
Class A Common Shares, $.01 par value per share 02/17/2012   M   8,463 A $ 0 341,431 D  
Class A Common Shares, $.01 par value per share 02/17/2012   F   2,239 D $43.99 339,192 D  
Class A Common Shares, $.01 par value per share               147,690 I Wife's Trust
Common Voting Shares, $.01 par value per share               0 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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 $45.49             03/23/2005 03/22/2014 Class A Common 200,813   200,813 D  
Option $45.74             02/23/2007 02/22/2014 Class A Common 133,875   133,875 D  
Option $45.74             12/31/2006 02/22/2014 Class A Common 133,875   133,875 D  
Option $45.59             02/22/2008 02/21/2015 Class A Common 133,875   133,875 D  
Option $39.8             02/21/2009 02/20/2016 Class A Common 133,875   133,875 D  
Restricted Stock Units (1)               (1)   (1) Class A Common 43,041   43,041 D  
Option $20.48             02/19/2010 02/18/2017 Class A Common 218,466   218,466 D  
Option $39.44             02/18/2011 02/17/2018 Class A Common 103,147   103,147 D  
Restricted Stock Units (2)               (3)   (3) Class A Common 41,139   41,139 D  
Option $53.17             02/17/2012 02/16/2019 Class A Common 79,090   79,090 D  
Restricted Stock Units (2) 02/17/2012   M     6,207   (4)   (4) Class A Common 18,620 $ 0 12,413 D  
Restricted Stock Units (2) 02/17/2012   M     8,463   (5)   (5) Class A Common 16,927 $ 0 8,464 D  
Restricted Stock Units (2)               (6)   (6) Class A Common 35,332   35,332 D  
Option $43.59 02/16/2012   A   95,222   02/16/2013(7) 02/15/2020 Class A Common 95,222 $ 0 95,222 D  
Restricted Stock Units (2) 02/16/2012   A   23,658     (8)   (8) Class A Common 23,658 $ 0 23,658 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LOWE KENNETH W
312 WALNUT STREET, 18TH FLOOR
CINCINNATI, OH 45202
      Chairman, President & CEO  

Signatures

 /s/ Anatolio B. Cruz III, Attorney-in-fact for Kenneth W. Lowe   02/21/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 share of SNI Class A Common Shares.
(3) The restricted stock units vest on 3/15/12.
(4) The restricted stock units vest in equal installments on 2/17/12, 2/17/13 and 2/17/14. As reported hereon, 1/3 vested on 2/17/12 and were converted to Class A Common Shares.
(5) The restricted stock units vest 50% on 2/17/12 and 50% on 2/17/13. As reported hereon, 50% vested on 2/17/12 and were converted to Class A Common Shares.
(6) The restricted stock units vest 25% on 3/15/12 and 50% on 3/15/13 (25% vested on 3/15/11).
(7) This option is exercisable in equal installments on 2/16/13, 2/16/14 and 2/16/15.
(8) The restricted stock units vest in equal installments on 2/16/13, 2/16/14 and 2/16/15.

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XNYS:SNI Scripps Networks Interactive Inc Insider Activity 4 Filling

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XNYS:SNI Scripps Networks Interactive Inc Insider Activity 4 Filing - 2/16/2012
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