LEE ENTERPRISES, Inc — Director's Dealing 2016

Dec 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2016-12-16

Reporting Person: Gulledge Michael R (VP Ad Sales Leadership & Pub.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-16	Common Stock	M	35000	$3.051	Acquired	114381	Direct
2016-12-16	Common Stock	S	13800	$3.051	Disposed	100581	Direct
2016-12-16	Common Stock	S	8000	$3.001	Disposed	92581	Direct
2016-12-20	Common Stock	S	13200	$2.85	Disposed	79381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-28	Employee Stock Option (Right to Buy)	$2.57	A	36800	Acquired	2020-09-28	Common Stock (36800)	Direct
2016-12-16	Employee Stock Option (Right to Buy)	$1.49	M	35000	Disposed	2022-09-20	Common Stock (133415)	Direct

Footnotes

F1: 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.