------------------------------ OMB APPROVAL ------------------------------ OMB Number Expires: Estimated average burden hours per response ....... .5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] Check this box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ================================================================================ 1. Name and Address of Reporting Person* Watson Gary L. -------------------------------------------------------------------------------- (Last) (First) (Middle) Gannett Co., Inc. 7950 Jones Branch Drive -------------------------------------------------------------------------------- (Street) McLean Virginia 22107 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Gannett Co., Inc. ("GCI") ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Statement for Month/Year February, 2002 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [ X ] Officer (give title below) [ ] Other (specify below) President/Gannett Newspaper Division ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [ X ] Form filed by one Reporting Person [ ] Form filed by more than one Reporting Person ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

5. 6. 4. ~~Amount~~5. of Owner- Securities Acquired (A) or ~~Securities~~Amount of ship 3. Disposed of (D) ~~Beneficially~~Securities Form: 7. Transaction (Instr. 3, 4 and 5) ~~Owned~~Beneficially ~~at End~~ Direct Nature of 2. 3.Code ------------------------------- ofOwned ~~the~~at ~~Month~~End (D) or Indirect 1. Transaction ~~Transaction~~ (~~A) (~~Instr. 38) ~~& 4~~(A) of Month Indirect Beneficial Title of Security Date ~~Code~~------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) ~~(Instr.~~Code 8)V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~ Common Stock 0102/0911/02 M 125,000 A $3723.~~375~~625 See Below D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 0102/0911/02 S 125,000 D $6871.932769 736,~~820~~900 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock To 1201/31/0102 619,~~302~~239.~~273~~542 I (1) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock To 12/31/01 ~~862~~2,679.~~484~~786 I (2) ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~Common Stock 24 I (3) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

910. 109. ~~Number~~ Owner- ofNumber ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- 4.action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action ~~Trans-~~Code of (D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date ~~action~~(Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ ~~Code~~8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ~~(Instr.~~------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) 8)Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~ Stock Options $3723.~~375~~625 0102/0911/02 M 125,000 12/1013/0098 12/1013/0602 Common 125,000 0 2125,~~280~~000 D Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

Explanation of Responses: (1) Held by the trustee of the Company's Deferred Compensation Plan, The Northern Trust Company. (2) Held by the trustee of the Company's 401(k) Plan, Boston Safe Deposit and Trust Company. (3) Held by the spouse and/or immediate family member of reporting person. Beneficial ownership is disclaimed. /s/Gary L. Watson 03/01/02 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Alternatively, this Form is permitted to be submitted to the Commission in electronic format at the option of the reporting person pursuant to Rule 101(b)(4) of Regulation S-T. Page 2 of 2

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