LEE ENTERPRISES, Inc — Director's Dealing 2008

Nov 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2008-11-18

Reporting Person: VEON GREG (Vice President - Publishing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-18	Common Stock	F	2564	$1.52	Disposed	87902	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-22	Employee Stock Option (Right to Buy)	$26.625	M	4350	Disposed	2007-11-04	Common Stock (6450)	Direct
2004-11-22	Employee Stock Option (Right to Buy)	$27.188	M	5250	Disposed	2007-11-04	Common Stock (7000)	Direct
1999-11-09	Employee Stock Option (Right to Buy)	$29.938	A	15000	Acquired	2009-11-10	Common Stock (15000)	Direct
2004-11-22	Employee Stock Option (Right to Buy)	$25.938	M	5000	Disposed	2010-11-14	Common Stock (20000)	Direct
2001-11-14	Employee Stock Option (Right to Buy)	$35.46	A	20000	Acquired	2011-11-14	Common Stock (20000)	Direct
2002-11-13	Employee Stock Option (Right to Buy)	$32.49	A	20000	Acquired	2012-11-13	Common Stock (20000)	Direct
2003-11-12	Employee Stock Option (Right to Buy)	$43.25	A	11000	Acquired	2013-11-12	Common Stock (11000)	Direct
2004-04-23	Employee Stock Option (Right to Buy)	$47.42	A	850	Acquired	2006-10-28	Common Stock (850)	Direct
2004-11-19	Employee Stock Option (Right to Buy)	$47.64	A	8100	Acquired	2014-11-19	Common Stock (8100)	Direct
2005-11-18	Employee Stock Option (Right to Buy)	$39.60	A	10350	Acquired	2015-11-18	Common Stock (10350)	Direct
2006-11-14	Employee Stock Option (Right to Buy)	$28.72	A	20770	Acquired	2016-11-14	Common Stock (20770)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200	Indirect
Common Stock	200	Indirect
Class B Common Stock	5804	Direct

Footnotes

F1: Includes shares purchased through Issuer's dividend reinvestment program, including 2,264 shares purchased in the fiscal year
ended 9/30/2008.

F2: These securities are exercisable as follows: 30% upon the first anniversary date of the grant; 60% upon the second
anniversary date of the grant; and 100% upon the third anniversary date of the grant.

F3: On August 8, 2008, the Reporting Person's outstanding stock options were voluntarily tendered to the Issuer for cancellation
and termination without consideration or promise of consideration pursuant to a Cancellation and Termination Agreement
between the Issuer and the Reporting Person of even date.