LEE ENTERPRISES, Inc — Director's Dealing 2016

Dec 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE ENT)
CIK: 0000058361
Period of Report: 2016-12-09

Reporting Person: MOWBRAY KEVIN (Director, Dir., President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-09	Common Stock	A	200000	$0.00	Acquired	523763	Direct
2016-12-09	Common Stock	A	14680	$0.00	Acquired	538443	Direct
2016-12-09	Common Stock	D	14680	$0.00	Disposed	523763	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	55800	Acquired	2020-09-28	Common Stock (55800)	Direct
2012-04-30	Employee Stock Option (Right to Buy)	$1.13	A	80000	Acquired	2022-04-30	Common Stock (80000)	Direct

Footnotes

F1: Award of restricted common stock in accordance with Rule 16b-3(d) of the Exchange Act by the Company's independent Executive Compensation Committee ("ECC") containing vesting restrictions with target amount of restricted common stock, subject to a reduction in share amounts, based on achievement of performance goals established by the ECC under the Issuer's Amended and Restated Incentive Compensation Program (effective as of November 20, 2013).

F2: Award by ECC of non-incentive restricted shares of common stock pursuant to the Issuer's Amended and Restated 1990 Long-Term Incentive Plan. On the transaction date, the closing price on the NYSE of the Company's common stock was $3.35 per share.

F3: Disposition to the Company of the Company's restricted common stock in accordance with Rule 16b-3(e) of the Exchange Act.

F4: 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.