UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Schermer, Gregory P.
c/o LEE ENTERPRISES, INCORPORATED
400 Putnam Bldg.
215 N. Main Street
Davenport, IA 52801-1924
USA
2. Issuer Name and Ticker or Trading Symbol
Lee Enterprises, Incorporated
LEE ENT
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
11/16/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President - Interactive Media
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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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |11/8/9|F |V|320 |D |$28.1875 | |D | |
|8 | | | | | | | | |
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Common Stock |11/16/|A |V|550 |A |27.188 |196,192* |D | |
|99 | | | | | | | | |
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Common Stock | | | | | | |55,010 |I |By Trust |
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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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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Stock Options (Right t|$11 | | | | | |** |11/8/|Common Stock|1750 | |1750 |D | |
o Buy) | | | | | | | |00 | | | | | | |
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Stock Options (Right t|$11 | | | | | |** |11/20|Common Stock|1200 | |1200 |D | |
o Buy) | | | | | | | |/01 | | | | | | |
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Stock Options (Right t|$15.5625| | | | | |** |11/18|Common Stock|1252 | |1252 |D | |
o Buy) | | | | | | | |/02 | | | | | | |
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Stock Options (Right t|$16 | | | | | |** |11/3/|Common Stock|450 | |450 |D | |
o Buy) | | | | | | | |03 | | | | | | |
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Stock Options (Right t|$16.6250| | | | | |** |11/1/|Common Stock|870 | |870 |D | |
o Buy) | | | | | | | |04 | | | | | | |
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Stock Options (Right t|$19.8125| | | | | |** |11/1/|Common Stock|1800 | |1800 |D | |
o Buy) | | | | | | | |05 | | | | | | |
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Stock Options (Right t|$21.50 | | | | | |** |10/28|Common Stock|1200 | |1200 |D | |
o Buy) | | | | | | | |/06 | | | | | | |
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Stock Options (Right t|$26 5/8 | | | | | |** |11/10|Common Stock|1400 | |1400 |D | |
o Buy) | | | | | | | |/07 | | | | | | |
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Stock Options (Right t|$27.188 |11/16|A |V|4,000 |A |** |11/16|Common Stock|4,000 | |4,000 |D | |
o Buy) | |/98 | | | | | |/08 | | | | | | |
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Explanation of Responses:
* Includes 1,280 shares acquired through the company's Employee Stock Purchase
Plan.
**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.
SIGNATURE OF REPORTING PERSON
/s/ Gregory P. Schermer
DATE
7/9/99
