TEGNA INC — Director's Dealing 2011

Feb 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2011-02-23

Reporting Person: DAVIDSON PAUL (Chief Exec/Newsquest Media Grp)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	M	16250	$3.75	Acquired	27747.079	Direct
2011-02-25	Common Stock	S	16250	$16.29	Disposed	11497.079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Employee Stock Option (Right to Buy)	$16.23	A	61000	Acquired	2019-02-22	Common Stock (61000)	Direct
2011-02-25	Employee Stock Option (Right to Buy)	$3.75	M	16250	Disposed	2017-02-24	Common Stock (16250)	Direct

Footnotes

F1: The option vests in four equal annual installments beginning on February 23, 2012.

F2: The option vested as to 16,250 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.