SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SCHERMER GREGORY P

(Last) (First) (Middle)
CO LEE ENTERPRISE INC
215 N MAIN STREET SUTE 400

(Street)
DAVEN PORT IA 52801

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEE ENTERPRISES INC [ LEE ENT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Vice Pres./Interactive Media
3. Date of Earliest Transaction (Month/Day/Year)
11/12/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/12/2003 A 2,300 A $43.25 131,204(1) D
Common Stock 2,000 I(2) By Son in Trust
Class B Common Stock 512,770 D
Class B Common Stock 6,000 I(2) By Spouse
Class B Common Stock 6,000 I(2) By Son in Trust
Class B Common Stock 4,000 I(2) By Daughter in Trust
Class B Common Stock 55,010 I(2) By Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $21.5 10/27/1996 A 300 10/27/1997(3) 10/27/2006 Common Stock 1,200 $21.5 300 D
Employee Stock Option (Right to Buy) $26.625 11/03/1997 A 350 11/03/1998(3) 11/03/2007 Common Stock 1,400 $26.625 350 D
Employee Stock Option (Right to Buy) $27.188 11/15/1998 A 1,000 11/15/1999(3) 11/15/2008 Common Stock 4,000 $27.188 1,000 D
Employee Stock Option (Right to Buy) $29.938 11/09/1999 A 7,500 11/09/2000(3) 11/09/2009 Common Stock 7,500 $29.938 7,500 D
Employee Stock Option (Right to Buy) $25.938 11/13/2000 A 7,500 11/13/2001(3) 11/13/2010 Common Stock 7,500 $25.938 7,500 D
Employee Stock Option (Right to Buy) $35.46 11/14/2001 A 12,000 11/14/2002(3) 11/14/2011 Common Stock 12,000 $35.46 12,000 D
Employee Stock Option (Right to Buy) $32.49 11/13/2002 A 12,000 11/13/2003(3) 11/13/2012 Common Stock 12,000 $32.49 12,000 D
Employee Stock Option (Right to Buy) $34.55 04/24/2003 A 191 04/24/2004 10/31/2004 Common Stock 191 $34.55 191 D
Employee Stock Option (Right to Buy) $34.55 04/24/2003 A 258 04/24/2004 11/07/2005 Common Stock 258 $34.55 258 D
Employee Stock Option (Right to Buy) $43.25 11/12/2003 A 7,000 11/12/2004(3) 11/12/2013 Common Stock 7,000 $43.25 7,000 D
Explanation of Responses:
1. Includes 4,594 shares purchased under the Issuer's ESPP through payroll deduction and dividend reinvestment, including 88 purchased since the Reporting Person's last Section 16(a) filing. Also reflects correction of scrivener's error by the addition of 1 share.
2. 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.
3. These securities are 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 date of the grant.
Edmund H, Carroll, Jr., Lmtd. POA, Attorney-in-Fact 11/13/2003
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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 is insufficient, see Instruction 6 for procedure.
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