E.W. SCRIPPS Co — Director's Dealing 2021

Mar 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: E.W. SCRIPPS Co (SSP)
CIK: 0000832428
Period of Report: 2021-03-02

Reporting Person: Scripps J. Sebastian (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-02	Class A Common Shares, $.01 par value per share	J	355851	$20.075	Disposed	0	Indirect
2021-03-02	Class A Common Shares, $.01 par value per share	J	355851	$20.075	Acquired	653304	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Voting Shares, $.01 par value per share	534664	Direct
Class A Common Shares, $.01 par value per share	100	Indirect
Class A Common Shares, $.01 par value per share	100	Indirect

Footnotes

F1: On March 2, 2021, the reporting person exchanged assets of equal value for 355,851 Class A Common Shares, which were valued based on the average of the high and low market price of the Class A Common Shares on such date, with a grantor retained annuity trust of which the reporting person is trustee (the "2019 GRAT"). As a result, these Class A Common Shares are again directly owned by the reporting person.

F2: Immediately following the transactions reported on the reporting person's previously filed Form 4, the reporting person: (i) directly held 100 Class A Common Shares, and (ii) indirectly held 653,204 Class A Common Shares through a grantor retained trust of which the reporting person is trustee (the "2016 GRAT"). Since that last filing, the reporting person received all Class A Common Shares held by the 2016 GRAT in satisfaction of the 2016 GRAT's annuity obligations. On August 16, 2019, the reporting person contributed 653,204 Class A Common Shares to the 2019 GRAT, but 297,353 of such shares were delivered back to the reporting person on August 17, 2020 in satisfaction of the 2019 GRAT's annuity obligations.

F3: Immediately following the transactions reported on the reporting person's previously filed Form 4, the reporting person: (i) directly held 289,819 Common Voting Shares and (ii) indirectly held 244,845 Common Voting Shares through the 2016 GRAT. Since that last filing, the reporting person received all Common Voting Shares held by the 2016 GRAT in satisfaction of the 2016 GRAT's annuity obligations.