SEC Form 4 · accession 0001567619-18-000365
LEE ENTERPRISES, Inc · LEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory P Schermer
Director
Period of report
Aug 8, 2018
Accepted (ET)
Aug 10, 2018 · 3:37 pm EDT
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 | Aug 8, 2018 | M | 52,600 | $0.00 | A | 1,132,811 | 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,F2 | holding | — | — | — | 29,280 | I | By Son in Trust | |
| Common StockF1,F2 | holding | — | — | — | 27,280 | I | By Daughter in Trust | |
| Common StockF1,F2 | holding | — | — | — | 23,280 | I | By Daughter in Trust | |
| Common StockF1,F2 | holding | — | — | — | 23,280 | I | By Daughter in Trust | |
| 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)F3 | $2.57 | Aug 8, 2018 | M | 12,600 | A | Sep 28, 2011 | Sep 28, 2020 | Common Stock | 12,600 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $1.13 | Aug 8, 2018 | M | 40,000 | A | Apr 30, 2013 | Apr 30, 2022 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein.
- F2Reporting Person's indirect ownership of these shares of Common Stock was timely reported on December 11, 2015, but due to an inadvertent scrivener's error, these holdings were omitted from Reporting Person's last three Form 4 filings.
- F3These 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. These securities were awarded to Reporting Person while he was an officer of the Company.