LEE ENTERPRISES, Inc — Director's Dealing 2010

Jun 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2010-06-29

Reporting Person: SCHERMER BETTY A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-29	Class B Common Stock	J	0	—	Acquired	19992	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: On May 15, 2009 Reporting Person gave three shares of Lee Class B and 8.5 limited partnership units of Schermer Investment Partnership, L.P. ("SIP") to a grantor retained annuity trust for the benefit of Reporting Person during the term thereof and for the benefit of Reporting Person's son, Grant E. Schermer (who is trustee of such trust), on termination of such trust. On June 29, 2010, the trust returned 2.1639 of SIP's limited partnership units to the Reporting Person as an annuity payment. The Reporting Person expects to receive an annuity payment from the trust in 2011.

F2: Reporting Person disclaims beneficial ownership of all the shares of Lee Class B held by SIP, including those held indirectly by Schermer Management Corporation ("SMC"), except to the extent of her pecuniary interest therein. As a result of the matters involving SIP limited partnership interests noted above, Lloyd G. Schermer holds 23.20 limited partnership units of SIP; Reporting Person holds 39.4639 limited partnership units of SIP; 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); Grant E. Schermer holds 2 limited partnership units of SIP; Grant E. Schermer, 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 Reporting Person during its term and for his benefit upon its

F3: termination, holds 6.3361 limited partnership units of SIP; and SMC holds one general partnership unit of SIP.

F4: The Reporting Person disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest, if any, therein.

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