UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Clifton, Jean B.
State Street Square
50 West State Street
Trenton, New Jersey 08608
2. Issuer Name and Ticker or Trading Symbol
Journal Register Company
("JRC")
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
02/28/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President, Chief Financial Officer & Treasurer
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>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par valu| | | | | | |203,101(1) |D | |
e | | | | | | | | | |
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Common Stock, $.01 par valu| | | | | | |50 |I |By Spouse (2) |
e | | | | | | | | | |
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Common Stock, $.01 par valu|02/23/|P | |200 |A |$12.375 |914 |I |By Self as Cust. for Son |
e |99 | | | | | | | | |
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Common Stock, $.01 par valu| | | | | | |450 |I |By Self as Cust. for Nieces|
e | | | | | | | | | |
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Common Stock, $.01 par valu| | | | | | |150 |I |By Self as Cust. for Nephew|
e | | | | | | | | |s |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Time-based options (Ri|$14.00 | | | | | |(3) |05/20|Common Stock|161,458| |161,458 |D | |
ght to buy) | | | | | | | |/07 | | | | | | |
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Time-based options (Ri|$21.00 | | | | | |(3) |05/20|Common Stock|161,458| |161,458 |D | |
ght to buy) | | | | | | | |/07 | | | | | | |
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Time-based options (Ri|$22.50 | | | | | |(4) |05/01|Common Stock|160,000| |160,000 |D | |
ght to buy) | | | | | | | |/08 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Includes 203,051 shares awarded pursuant to the Company's Management
Bonus Plan.
(2) These shares are owned by Richard Clifton, the reporting person's
husband, and the reporting person disclaims beneficial ownership of such
shares except to the extent of any indirect pecuniary interest
therein.
(3) Options to purchase shares of Common Stock vested and became exercisable
as to 20% of such options on May 20, 1998 and the remainder will
vest and become exercisable on each successive anniversary to the extent of 20%
of the total number of options granted.
(4) Options to purchase shares of Common Stock will vest and become
exercisable commencing May 1, 1999 to the extent of 20% of the total
number of options granted and the remainder will vest and become exercisable on
each successive anniversary to the extent of 20% of the total
number of options
granted.
SIGNATURE OF REPORTING PERSON
/s/ Jean B. Clifton
DATE
March 4, 1999
