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 GRANT E (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-29	Class B Common Stock	J	0	—	Disposed	3	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5099	Direct
Class B Common Stock	513147	Direct
Class B Common Stock	1163966	Indirect
Class B Common Stock	200	Indirect
Class B Common Stock	55010	Indirect

Footnotes

F1: Reflects correction of a scrivener's error of 90 shares in Reporting Person's previous report.

F2: On May 15, 2009 Reporting Person's mother, Betty A. Schermer, gave three shares of Lee Class B Common Stock ("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's mother during the term thereof and for the benefit of Reporting Person (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's mother as an annuity payment. The Reporting Person expects to make an annuity payment from the trust to Reporting Person's mother in 2011.

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

F4: 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 his pecuniary interest therein. As a result of the matters involving the limited partnership interests in SIP noted above, Lloyd G. Schermer holds 23.20 limited partnership units of SIP; Betty A. Schermer 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); Reporting Person holds 2 limited partnership units of SIP; Reporting Person, as trustee of a trust for the benefit of Reporting Person, holds 10 limited partnership units of SIP; Reporting Person,

F5: 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 6.3361 limited partnership units of SIP; and SMC holds one general partnership unit of SIP.