Ray G. Farris - May 24, 2021 Form 4/A - Amendment Insider Report for LEE ENTERPRISES, Inc (LEE)

Role: Vice President - Advertising
Signature: /s/Kyle R. Day, Limited POA, Attorney-in-Fact
Stock symbol: LEE
Transactions as of: May 24, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 6/2/2021, 04:33 PM
Date Of Original Report: May 26, 2021
Next filing: Dec 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEE	Common Stock	Award	$0	+800	+0.48%	$0.00	168K	May 24, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LEE	Employee Stock Option (Right to Buy)						0	May 24, 2021	Common Stock	800	$11.30	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These 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.
F2	The original Form 4 filed on May 26, 2021, is amended by this Form 4 amendment to correctly reflect the Exercise Price of Derivative Security, the value of which was adjusted following the Issuer effectuating a one-for-ten (1:10) reverse stock split on March 12, 2021.
F3	The original Form 4 filed on May 26, 2021, is amended by this Form 4 amendment to correctly reflect the Number of Shares to be 8,000 instead of the amount of 8,999, as previously reported on past Form 4s for Reporting Person.
F4	The original Form 4 filed on May 26, 2021, is amended by this Form 4 amendment to correctly reflect the Number of Shares, which were adjusted following the Issuer effectuating a one-for-ten (1:10) reverse stock split on March 12, 2021.