SEC FORM 4/A 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)
C/O LEE ENTERPRISES INCORPORATED
215 N MAIN STREET STE 400

(Street)
DAVENPORT 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 X 10% Owner
X Officer (give title below) Other (specify below)
Vice Pres./Interactive Media
3. Date of Earliest Transaction (Month/Day/Year)
03/19/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/25/2004
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
Class B Common Stock 03/19/2004 G V 100 A $0 512,870 D
Class B Common Stock 03/19/2004 G V 100 A $0 512,970 D
Class B Common Stock 03/22/2004 G(1)(2)(6) V 1,163,966 A $0 1,163,966 I By Schermer Investment Partnership
Class B Common Stock 6,000 I(3) By Spouse
Class B Common Stock 6,000 I(3) By Son in Trust
Class B Common Stock 4,000 I(3) By Daughter in Trust
Class B Common Stock 55,010 I By Trust
Common Stock 93,492(4) D
Common Stock 2,000 I(3) By Son in 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(5) 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(5) 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(5) 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(5) 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(5) 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(5) 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(5) 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(5) 11/21/2013 Common Stock 7,000 $43.25 7,000 D
Explanation of Responses:
1. On March 19, 2004, in a transaction exempt from Section 16(b), Schermer Management Corporation ("SMC") transferred 2,000 shares of Lee Enterprises, Incorporated Class B Common Stock ("Lee Class B") to Schermer Investment Partnership, L.P. ("SIP"), a family limited partnership, and SMC received in exchange 1 general partner unit of SIP. The Reporting Person and trusts for the benefit of Lloyd G. Schermer, Betty A. Schermer and Grant E. Schermer each holds 25% of SMC's outstanding common stock.
2. On March 20, 2004, in transactions exempt from Section 16(b), a trust for the benefit of Lloyd G. Schermer transferred 436,828 shares of Lee Class B to SIP and the trust received in exchange 37.20 limited partner units of SIP and a trust for the benefit of Betty A. Schermer transferred 725,138 shares of Lee Class B to SIP and the trust received in exchange 61.80 limited partner units of SIP. As a result of these transactions and SMC's transfer to SIP, SIP holds 1,163,966 shares of Lee Class B. On March 22, 2004, in transactions exempt from Section 16(b), trusts for the benefit of Lloyd G. Schermer and Betty A. Schermer each made a gift of 5 limited partner units of SIP to Reporting Person and a trust for the benefit of Grant E. Schermer. Reporting Person disclaims beneficial ownership of all the shares of Lee Class B held by SIP, including those held indirectly by SMC, except to the extent of his pecuniary interest therein.
3. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein.
4. Includes 4,594 shares purchased under the Issuer's ESPP through payroll deduction and dividend reinvestment.
5. 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.
6. This amendment is being filed to clarify that the date listed in footnote number 1 of the Reporting Person's March 19, 2004 Form 4 noting the transfer of 2,000 shares of Lee Class B from SMC to SIP was due to an inputting error, which incorrectly stated March 19, 2004 instead of March 20, 2004.
Edmund H, Carroll, Limited POA 03/26/2004
** 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).
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