LEE ENTERPRISES, Inc — Director's Dealing 2018

Aug 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES, INC (LEE)
CIK: 0000058361
Period of Report: 2018-08-08

Reporting Person: SCHERMER GREGORY P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-08	Common Stock	M	52600	—	Acquired	1132811	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-08	Employee Stock Option (Right to Buy)	$2.57	M	12600	Acquired	2020-09-28	Common Stock (12600)	Direct
2018-08-08	Employee Stock Option (Right to Buy)	$1.13	M	40000	Acquired	2022-04-30	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	540	Indirect
Common Stock	2000	Indirect
Common Stock	540	Indirect
Common Stock	540	Indirect
Common Stock	540	Indirect
Common Stock	29280	Indirect
Common Stock	27280	Indirect
Common Stock	23280	Indirect
Common Stock	23280	Indirect
Common Stock	55000	Indirect

Footnotes

F1: Reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein.

F2: Reporting Person's indirect ownership of these shares of Common Stock was timely reported on December 11, 2015, but due to an inadvertent scrivener's error, these holdings were omitted from Reporting Person's last three Form 4 filings.

F3: 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. These securities were awarded to Reporting Person while he was an officer of the Company.