TEGNA INC — Director's Dealing 2010

Mar 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2010-03-22

Reporting Person: Lougee David T (Pres/Broadcasting Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-22	Common Stock	M	10625	$3.75	Acquired	12328	Direct
2010-03-22	Common Stock	S	10625	$16.18	Disposed	1703	Direct
2010-03-23	Common Stock	I	845.513	$16.72	Disposed	407	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-22	Employee Stock Option (Right to Buy)	$3.75	M	10625	Disposed	2017-02-24	Common Stock (10625)	Direct
2010-03-22	Phantom Stock	$	I	3903.1705	Disposed		Common Stock (3903.1705)	Direct

Footnotes

F1: The option vested as to 21,250 shares on February 25, 2010 and vests as to the remaining shares in three equal annual installments beginning on February 25, 2011.

F2: Each share of phantom stock is the economic equivalent of one share of Gannett common stock.

F3: These shares of phantom stock are payable in cash or stock, at the election of the reporting person, on various dates selected by the reporting person or as otherwise provided in the Issuer's Deferred Compensation Plan.