SEC Form 4 · accession 0001567619-18-007821
LEE ENTERPRISES, Inc · LEE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan E. Bekke
Officer — V.P.Consumer Sales & Marketing
Period of report
Dec 11, 2018
Accepted (ET)
Dec 13, 2018 · 12:12 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 | Dec 11, 2018 | F | 5,312 | $2.07 | D | 109,851 | 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)F2 | $2.07 | holding | — | — | — | Aug 21, 2009 | Aug 21, 2019 | Common Stock | 10,000 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $2.57 | holding | — | — | — | Sep 28, 2010 | Sep 28, 2020 | Common Stock | 15,000 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $1.13 | holding | — | — | — | Apr 30, 2012 | Apr 30, 2022 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Exercise of tax withholding in connection with vesting of previously granted (and reported) restricted stock resulting in a deemed disposition of the withheld shares back to Lee.
- 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.