TEGNA INC — Director's Dealing 2011

Dec 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2011-12-23

Reporting Person: Horning Roxanne V (Senior VP/Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	M	8500	$3.75	Acquired	13319.947	Direct
2011-12-23	Common Stock	S	8500	$13.4612	Disposed	4819.947	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-23	Employee Stock Option (Right to Buy)	$3.75	M	8500	Disposed	2017-02-24	Common Stock (8500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5466	Indirect

Footnotes

F1: The option vested as to 8,500 shares on each of February 25, 2010 and February 25, 2011 and vests as to the remaining shares in two equal annual installments beginning on February 25, 2012.