SEC Form 4/A · accession 0001140361-15-045054
LEE ENTERPRISES, Inc · LEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mary E Junck
Officer — Dir., Chairman, Pres.&CEO · Director
Period of report
Dec 11, 2015
Accepted (ET)
Dec 18, 2015 · 1:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000058361
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 11, 2015 | A | 200,000 | $0.00 | A | 1,337,672 | D | |
| Common StockF3,F2 | Dec 11, 2015 | A | 200,000 | $0.00 | A | 1,537,672 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $2.57 | Sep 28, 2010 | A | 165,000 | A | Sep 28, 2011 | Sep 28, 2020 | Common Stock | 165,000 | 165,000 | D |
Explanation of responses
- F1Award of restricted stock in accordance with Section 16b-3(d) of the Exchange Act by the Company's independent Executive Compensation Committee ("ECC") containing vesting restrictions with target amounts of restricted stock, subject to a reduction in share amounts, based on achievement of performance goals established by the ECC under the Issuer's Amended and Restated Incentive Compensation Program (effective as of November 20, 2013).
- F2Due to a scrivener's error, the Reporting Person's Table I, lines 1 and 2, columns 5 totals in the December 14, 2015 Form 4 overstated the Reporting Person's holdings by 192,501 shares. This mistake has been corrected in the amounts indicated.
- F3Award by Issuer's ECC of non-incentive restricted shares of Common Stock pursuant to the Issuer's Amended and Restated 1990 Long-Term Incentive Plan. On the transaction date, the closing price on the NYSE of the Issuer's Common Stock was $1.53 per share.
- F4These 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.