SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* GRAHAM DONALD (Last) (First) (Middle) C/O GRAHAM HOLDINGS COMPANY 1300 NORTH 17TH STREET (Street) ARLINGTON VA 22209 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Cable One, Inc. [ CABO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/29/2015
	4. If Amendment, Date of 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

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
Common Stock	06/29/2015		J(1)		5,842,313	A	$0	5,843,313	I	By Graham Holdings Company(2)
Common Stock	07/01/2015		J(3)		5,843,313	D	$0	0	I	By Graham Holdings Company(4)
Common Stock	07/01/2015		J(3)		230,048	A	$0	230,048	D
Common Stock	07/01/2015		J(3)		91,354	A	$0	91,354	I	Grantor Retained Annuity Trust
Common Stock	07/01/2015		J(3)		3,087	A	$0	3,087	I	Revocable Trust
Common Stock	07/01/2015		J(3)		255,193	A	$0	255,193	I	Trusts for Siblings(5)
Common Stock	07/01/2015		J(3)		38,172	A	$0	38,172	I	Trusts for Children(5)
Common Stock	07/01/2015		J(3)		2,844	A	$0	2,844	I	Trusts for Children of Siblings(5)
Common Stock	07/01/2015		J(3)		5,000	A	$0	5,000	I	Trust for Third Party(5)
Common Stock	07/01/2015		J(3)		388,225	A	$0	388,225	I	Beneficiary of Trusts

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. On June 29, 2015, Cable One, Inc. ("Cable ONE"), a Delaware corporation, distributed to Graham Holdings Company ("Graham"), its sole stockholder, 5,842,313 newly issued shares of common stock, par value $0.01 per share, of Cable ONE (the "Cable ONE Common Stock") in the form of a dividend.

2. By virtue of his roles as Chairman of the Board and Chief Executive Officer of Graham, the reporting person is deemed to have acquired indirect beneficial ownership of the newly issued shares of Cable ONE Common Stock when they were distributed by Cable ONE to Graham. At such time and by virtue of such roles and beneficial ownership, the reporting person was also deemed to have indirect beneficial ownership of the 1,000 shares of Cable ONE Common Stock owned by Graham prior to this distribution.

3. On July 1, 2015, Graham disposed of all 5,843,313 shares of Cable ONE Common Stock issued and outstanding by distributing, as a pro rata dividend to Graham's stockholders (the "Distribution"), one share of Cable ONE Common Stock for every one share of Graham Class A common stock, par value $1.00 per share, and Class B common stock, par value $1.00 per share (collectively, "Graham Common Stock"), held by each holder of record as of 5:00 p.m. New York City time on June 15, 2015 (the "Record Date"), to effect the legal and structural separation of Cable ONE from Graham. As a result of the Distribution, the reporting person and his family trusts included on this Form 4 received, in their capacities as holders of Graham Common Stock as of the Record Date, one share of Cable ONE stock for every one share of Graham Common Stock directly held by them as of the Record Date.

4. The reporting person is deemed to have participated in the Distribution as an indirect beneficial owner of the distributed Cable ONE Common Stock.

5. The reporting person is a trustee of the trust that owns the reported securities, but he is not a beneficiary of such trust. The reporting person disclaims beneficial ownership of the reported securities.

Remarks:

	/s/ Nicole M. Maddrey for Donald E. Graham	07/01/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.