UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
(X) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Schermer, Gregory P.
c/o LEE ENTERPRISES, INCORPORATED
400 Putnam Bldg.
215 N. Main Street
Davenport, IA 52801-1924
USA
2. Issuer Name and Ticker or Trading Symbol
Lee Enterprises, Incorporated
LEE ENT
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
9/30/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President - Interactive Media
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock |12/24/|S |57,615 |D |28.6875 |194,682* |D | |
|97* | | | | | | | |
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Common Stock | | | | | |55,010 |I |By Trust |
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Common Stock |12/24/|S |59,902 |D |28.6875 |0* |I |By Spouse |
|97* | | | | | | | |
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Common Stock | | | | | |2,000 |I |By Son in Trust |
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Class B Common Stock | | | | | |512,770 |D | |
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Class B Common Stock | | | | | |6,000 |I |By Spouse |
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Class B Common Stock | | | | | |6,000 |I |By Son in Trust |
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Class B Common Stock | | | | | |4,000 |I |By Daughter in Trust |
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Class B Common Stock | | | | | |55,010 |I |By Trust |
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options (Right to |$11 | | | | |** |11/8/|Common Stock|1750 | |1750 |D | |
Buy) | | | | | | |00 | | | | | | |
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Stock Options (Right to |$11 | | | | |** |11/20|Common Stock|1200 | |1200 |D | |
Buy) | | | | | | |/01 | | | | | | |
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Stock Options (Right to |$15.5625| | | | |** |11/18|Common Stock|1252 | |1252 |D | |
Buy) | | | | | | |/02 | | | | | | |
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Stock Options (Right to |$16 | | | | |** |11/3/|Common Stock|450 | |450 |D | |
Buy) | | | | | | |03 | | | | | | |
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Stock Options (Right to |$16.6250| | | | |** |11/1/|Common Stock|870 | |870 |D | |
Buy) | | | | | | |04 | | | | | | |
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Stock Options (Right to |$19.8125| | | | |** |11/1/|Common Stock|1800 | |1800 |D | |
Buy) | | | | | | |05 | | | | | | |
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Stock Options (Right to |$21.50 | | | | |** |10/28|Common Stock|1200 | |1200 |D | |
Buy) | | | | | | |/06 | | | | | | |
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Stock Options (Right to |$26 5/8 | | | | |** |11/10|Common Stock|1400 | |1400 |D | |
Buy) | | | | | | |/07 | | | | | | |
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</TABLE>
Explanation of Responses:
* Reporting Person's Form 4 filed for the period 12/24/97 reported that he sold
117,000 shares at $28.6875. This
report inadvertently omitted that the total number of shares sold was 117,517,
of which 57,615 shares sold should
have been attributed to Reporting Person and 59,902 shares should have been
attributed to his spouse. Reporting
Person's Form 3 filed for the period 11/18/97 inadvertently involved a double
counting of certain shares of the
issuer's common stock amounting to an overstatement of the Reporting Person's
direct holdings of 186 shares.
Reporting Person's end of period holdings include 765 shares acquired through
the Issuer's employee stock purchase
plan since the issuer's fiscal year ended
9/30/97.
**These securities become 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 thrid anniversary of
the grant.
SIGNATURE OF REPORTING PERSON
/s/ Gregory P. Schermer
