LEE ENTERPRISES, Inc — Director's Dealing 2009

Jun 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2005-05-15

Reporting Person: SCHERMER LLOYD G (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-15	Class B Common Stock	G	8	—	Disposed	19992	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	20000	Direct
Class B Common Stock	1163966	Indirect
Class B Common Stock	110020	Indirect
Class B Common Stock	1163966	Indirect
Class B Common Stock	49316	Indirect

Footnotes

F1: Reporting Person disclaims beneficial ownership of all the shares of Lee Class B Common Stock (Lee Class B") held by Schermer
Investment Partnership, L.P. ("SIP"), including those held indirectly by Schermer Management Corporation ("SMC"), except to
the extent of his pecuniary interest therein. As a result of the gifts of limited partnership interests in SIP noted below,
Reporting Person holds 23.20 limited partnership units of SIP; Reporting Person's spouse, Betty A. Schermer, holds 37.30
limited partnership units of SIP; Reporting Person's son, Gregory P. Schermer, holds 10 limited partnership units of SIP;
Gregory P. Schermer, as trustee of trusts for the benefit of each of his four children, holds 8 limited partnership units of
SIP (2 units held by each such trust); Reporting Person's son, Grant E. Schermer, holds 2 limited partnership units of SIP;
Grant E. Schermer,

F2: as trustee of a trust for the benefit of Grant E. Schermer, holds 10 limited partnership units of SIP; Grant E. Schermer, as
trustee of a grantor retained annuity trust for the benefit of Betty A. Schermer during its term and for his benefit upon
its termination, holds 8.5 limited partnership units of SIP; and SMC holds one general partnership unit of SIP.

F3: The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if
any, therein.

F4: On May 15, 2009 (a) Betty A. Schermer gave one share of Lee Class B to separate trusts for the benefit of each of the four
children of Gregory P. Schermer (who is the trustee of such trusts); (b) Reporting Person and Betty A. Schermer each gave to
such trusts one limited partnership unit of SIP for the benefit of Gregory P. Schermer's four children; (c) Betty A.
Schermer gave one share of Lee Class B and two limited partnership units of SIP to Grant E. Schermer; and (d) Betty A.
Schermer gave three shares of Lee Class B and 8.5 limited partnership units of SIP to a grantor retained annuity trust for
the benefit of Betty A. Schermer during the term thereof and for the benefit of Grant E. Schermer on termination of such
trust.

F5: Reporting Person's spouse disclaims beneficial ownership of all the Lee Class B, including those held indirectly by
SMC, except to the extent of her pecuniary interest therein.