SEC Form 4 · accession 0001140361-16-088052
LEE ENTERPRISES, Inc · LEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory P Schermer
Director
Period of report
Sep 2, 2016
Accepted (ET)
Nov 29, 2016 · 3:29 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 Stock | Sep 2, 2016 | F | 11,844 | $3.22 | D | 1,060,211 | D | |
| Common StockF1 | holding | — | — | — | 540 | I | By Son | |
| Common StockF1 | holding | — | — | — | 2,000 | I | By Son in Trust | |
| Common StockF1 | holding | — | — | — | 540 | I | By Daughter | |
| Common StockF1 | holding | — | — | — | 540 | I | By Daughter | |
| Common StockF1 | holding | — | — | — | 540 | I | By Daughter | |
| Common StockF1 | holding | — | — | — | 55,000 | I | By Trust |
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)F2 | $2.57 | Sep 28, 2010 | A | 12,600 | A | Sep 28, 2011 | Sep 28, 2020 | Common Stock | 12,600 | 12,600 | D |
| Employee Stock Option (Right to Buy)F2 | $1.13 | Apr 30, 2012 | A | 40,000 | A | Apr 30, 2013 | Apr 30, 2022 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein.
- F2These 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.