LEE ENTERPRISES, Inc — Director's Dealing 2011

Apr 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2011-03-02

Reporting Person: WATERMAN C D III (Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-02	Common Stock	C	943	—	Acquired	4343	Direct
2011-03-02	Common Stock	C	1376	—	Acquired	1376	Indirect
2011-03-02	Common Stock	C	1372	—	Acquired	1372	Indirect
2011-03-02	Common Stock	C	314	—	Acquired	314	Indirect
2011-03-02	Common Stock	C	1362	—	Acquired	1362	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-02	Class B Common Stock	$	C	943	Disposed		Common Stock (943)	Direct
2011-03-02	Class B Common Stock	$	C	1376	Disposed		Common Stock (1376)	Indirect
2011-03-02	Class B Common Stock	$	C	1372	Disposed		Common Stock (1372)	Indirect
2011-03-02	Class B Common Stock	$	C	314	Disposed		Common Stock (314)	Indirect
2011-03-02	Class B Common Stock	$	C	1362	Disposed		Common Stock (1362)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4	Indirect

Footnotes

F1: The Company's Class B Common Stock automatically converted to Common Stock when the number of outstanding Class B shares declined through trading on March 2, 2011 below the sunset level of 5.6 million shares established in Lee's Restated Certificate of Incorporation, as amended.