SEC Form 4 · accession 0001140361-17-005498
LEE ENTERPRISES, Inc · LEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Gulledge
Officer — VP Ad Sales Leadership & Pub.
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 6:31 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 | Feb 7, 2017 | M | 28,415 | $1.49 | A | 107,796 | D | |
| Common Stock | Feb 7, 2017 | S | 3,100 | $3.06 | D | 104,696 | D | |
| Common Stock | Feb 7, 2017 | S | 25,015 | $3.001 | D | 79,681 | D | |
| Common Stock | Feb 9, 2017 | S | 300 | $3.00 | D | 79,381 | 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)F1 | $2.57 | Sep 28, 2010 | A | 36,800 | A | Sep 28, 2011 | Sep 28, 2020 | Common Stock | 36,800 | 36,800 | D |
| Employee Stock Option (Right to Buy)F1,F2 | $1.49 | Feb 7, 2017 | M | 28,415 | D | Sep 20, 2012 | Sep 20, 2022 | Common Stock | 133,415 | 0 | D |
Explanation of responses
- F1These 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.
- F2Due to a scrivener's error, the Reporting Person's Table II, line 2, column 6 listed an incorrect Exercisable Date of September 20, 2013. The correct Exercisable Date should be September 20, 2012.