TEGNA INC — Director's Dealing 2014

Mar 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2014-03-24

Reporting Person: Williams John A (President - Digital Ventures)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-24	Common Stock	M	85000	$15.00	Acquired	104139	Direct
2014-03-24	Common Stock	M	40500	$16.23	Acquired	144639	Direct
2014-03-24	Common Stock	S	125500	$28.2845	Disposed	19139	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-24	Employee Stock Option (Right to Buy)	$15.00	M	85000	Disposed	2018-02-23	Common Stock (85000)	Direct
2014-03-24	Employee Stock Option (Right to Buy)	$16.23	M	40500	Disposed	2019-02-22	Common Stock (40500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12704.286	Indirect

Footnotes

F1: The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $28.13 to $28.365, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F2: The option is fully vested.

F3: The option is vested with respect to 40,500 shares and vests with respect to the remaining shares on February 23, 2015.