Ray G. Farris - Dec 7, 2021 Form 4 Insider Report for LEE ENTERPRISES, Inc (LEE)

Role
Vice President - Advertising
Signature
/s/Timothy B. Gulbranson, Limited POA, Attorney-in-Fact
Stock symbol
LEE
Transactions as of
Dec 7, 2021
Transactions value $
-$23,284
Form type
4
Date filed
12/9/2021, 02:55 PM
Previous filing
Jun 2, 2021
Next filing
Jan 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEE Common Stock Tax liability -$23.3K -937 -5.34% $24.85 16.6K Dec 7, 2021 Direct F1

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 Dec 7, 2021 Common Stock 800 $11.30 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise 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.
F2 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.