U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Schermer Gregory P.
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(Last) (First) (Middle)
c/o Lee Enterprises, Incorporated, 400 Putnam Building
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(Street)
Davenport Iowa 52801
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Lee Enterprises, Incorporated, LEE ENT
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
42-0823980
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4. Statement for Month/Year
4/24/03
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President - Interactive Media
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 4/24/03 M 1,296 A $16-19.8125 D
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Common Stock 4/24/03 F 657 D $34.55 D
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Common Stock 4/25/03 M 6,774 A $21.50-$27.188 D
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Common Stock 4/25/03 S 6,774 D $34.553 128,815* D
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Common Stock 2,000 I By Son in
Trust**
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Class B Common Stock 512,770 D
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Class B Common Stock 6,000 I By Spouse**
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Class B Common Stock 6,000 I By Son in
Trust**
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Class B Common Stock 4,000 I By Daughter
in Trust**
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Class B Common Stock 55,010 I By Trust
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Employee Stock Option
(Right to Buy) $16 4/24/03 M 450 *** 11/1/03 Common Stock 450 0 D
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Employee Stock Option
(Right to Buy) $16.6250 4/24/03 M 396 *** 10/31/04 Common Stock 396 0 D
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Employee Stock Option
(Right to Buy) $16.6250 4/25/03 M 474 *** 10/31/04 Common Stock 474 0 D
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Employee Stock Option
(Right to Buy) $19.8125 4/24/03 M 450 *** 11/1/05 Common Stock 450 0 D
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Employee Stock Option
(Right to Buy) $19.8125 4/25/03 M 1,350 *** 11/1/05 Common Stock 1,350 0 D
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Employee Stock Option
(Right to Buy) $21.50 4/25/03 M 900 *** 10/27/06 Common Stock 1,200 300 D
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Employee Stock Option
(Right to Buy) $26.625 4/25/03 M 1,050 *** 11/3/07 Common Stock 1,400 350 D
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Employee Stock Option
(Right to Buy) $27.188 4/25/03 M 3,000 *** 11/15/08 Common Stock 4,000 1,000 D
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Employee Stock Option
(Right to Buy) $29.938 *** 11/9/09 Common Stock 7,500 7,500 D
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Employee Stock Option
(Right to Buy) $25.938 *** 11/13/10 Common Stock 7,500 7,500 D
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Employee Stock Option
(Right to Buy) $35.46 *** 11/14/11 Common Stock 12,000 12,000 D
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Employee Stock Option
(Right to Buy) $32.49 *** 11/13/12 Common Stock 12,000 12,000 D
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Employee Stock Option
(Right to Buy) $34.55 4/24/03 A 191 4/24/04 10/31/04 Common Stock 191 191 D
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Employee Stock Option
(Right to Buy) $34.55 4/24/03 A 258 4/24/04 11/07/05 Common Stock 258 258 D
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*Includes 4,506 shares purchased through Issurer's ESPP through payroll deduction and dividend reinvestment, including 86 shares
purchased since the Reporting Person's last Section 16(a) filing.
**The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that
the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
***These securities become 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 of the grant.
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Explanation of Responses:
/s/Edmund H. Carroll, Jr. 4/25/03
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Lane & Waterman, By Edmund H. Carroll, Jr., Date
signing on behalf of Reporting Person under
Power of Attorney
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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