SCHERMER GRANT E 4

Accession 0001140361-11-021498

CIK 0000058361other

Filed

Apr 10, 8:00 PM ET

Accepted

Apr 11, 8:17 AM ET

Size

23.8 KB

Accession

0001140361-11-021498

Form 4

Period: 2011-03-02

10% Owner

Transactions

Conversion
Class B Common Stock
2011-03-02−200→ 0 total(indirect: By Trust)
→ Common Stock (200 underlying)
Conversion
Common Stock
2011-03-02+55,100→ 55,010 total(indirect: By Trust)
Conversion
Common Stock
2011-03-02+3→ 3 total(indirect: By Trust)
Conversion
Common Stock
2011-03-02+200→ 200 total(indirect: By Trust)
Conversion
Common Stock
2011-03-02+513,147→ 518,246 total
Conversion
Common Stock
2011-03-02+1,163,966→ 1,163,966 total(indirect: By Partnership)
Conversion
Class B Common Stock
2011-03-02−3→ 0 total(indirect: By Trust)
→ Common Stock (3 underlying)
Conversion
Class B Common Stock
2011-03-02−55,100→ 0 total(indirect: By Trust)
→ Common Stock (55,010 underlying)
Conversion
Class B Common Stock
2011-03-02−513,147→ 0 total
→ Common Stock (513,147 underlying)
Conversion
Class B Common Stock
2011-03-02−1,163,966→ 0 total(indirect: By Partnership)
→ Common Stock (1,163,966 underlying)

Footnotes (4)

[F1]The Company's Class B Common Stock automatically converted to Common Stock when the number of outstanding Class B shares declined through trading on March 2, 2011 below the sunset level of 5.6 million shares established in Lee's Restated Certificate of Incorporation, as amended.
[F2]Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein.
[F3]Reporting Person disclaims beneficial ownership of all the shares of Lee Common held by SIP, including those held indirectly by Schermer Management Corporation ("SMC"), except to the extent of his pecuniary interest therein. Lloyd G. Schermer holds 23.20 limited partnership units of Schermer Investment Partnership, L.P. ("SIP"); Betty A. Schermer holds 39.4639 limited partnership units of SIP; Gregory P. Schermer holds 10 limited partnership units of SIP; Gregory P. Schermer, as trustee of trusts for the benefit of each of his four children, holds 8 limited partnership units of SIP (2 units held by each such trust); Reporting Person holds 2 limited partnership units of SIP; Reporting Person, as trustee of a trust for the benefit of Reporting Person, holds 10 limited partnership units of SIP; Reporting Person,
[F4]as trustee of a grantor retained annuity trust for the benefit of Betty A. Schermer during its term and for his benefit upon its termination, holds 6.3361 limited partnership units of SIP; and SMC holds one general partnership unit of SIP.

Documents

1 file

LEE ENTERPRISES, INC

CIK 0000058361

Entity typeother