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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LEE ENTERPRISES INC [ LEE ENT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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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)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | |||||||||||||||
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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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |