Timothy R. Millage - 07 Dec 2021 Form 4 Insider Report for LEE ENTERPRISES, Inc (LEE)

Role
V.P., CFO and Treasurer
Signature
/s/Timothy B. Gulbranson, Lmtd. POA, Attorney-in-Fact
Issuer symbol
LEE
Transactions as of
07 Dec 2021
Net transactions value
-$20,973
Form type
4
Filing time
09 Dec 2021, 14:59:51 UTC
Next filing
14 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEE Common Stock Tax liability $20,973 -844 -5.9% $24.85 13,486 07 Dec 2021 Direct F1, 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 This Form 4 adjusts the Amount of Securities Beneficially Owned by the Reporting Person and 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.