Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHERMER LLOYD G
  2. Issuer Name and Ticker or Trading Symbol
LEE ENTERPRISES, INC [LEE ENT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O LEE ENTERPRISES INCORPORATED, 201 N HARRISON STREET, STE 600
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2011
(Street)

DAVENPORT, IA 52801
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2011   C   20,000 A (1) 20,000 D  
Common Stock 03/02/2011   C   1,163,966 A (1) 1,163,966 I (2) (3) (4) By Schermer Investment Partnership
Common Stock 03/02/2011   C   110,020 A (1) 110,020 I (4) By Trust
Common Stock 03/02/2011   C   19,992 A (1) 19,992 I (5) By Spouse
Common Stock 03/02/2011   C   1,163,966 A (1) 1,163,966 I (2) (3) (5) By Spouse in Schermer Investment Partnership
Common Stock 03/02/2011   C   49,316 A (1) 49,316 I (5) By Spouse in Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) 03/02/2011   C     20,000   (1)   (1) Common Stock 20,000 $ 0 0 D  
Class B Common Stock (1) 03/02/2011   C     1,163,966   (1)   (1) Common Stock 1,163,966 $ 0 0 I (2) (3) (4) By Schermer Investment Partnership
Class B Common Stock (1) 03/02/2011   C     110,020   (1)   (1) Common Stock 110,020 $ 0 0 I (4) By Trust
Class B Common Stock (1) 03/02/2011   C     19,992   (1)   (1) Common Stock 19,992 $ 0 0 I (5) By Spouse
Class B Common Stock (1) 03/02/2011   C     1,163,966   (1)   (1) Common Stock 1,163,966 $ 0 0 I (2) (3) (5) By Spouse in Schermer Investment Partnership
Class B Common Stock (1) 03/02/2011   C     49,316   (1)   (1) Common Stock 49,316 $ 0 0 I (5) By Spouse in Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHERMER LLOYD G
C/O LEE ENTERPRISES INCORPORATED
201 N HARRISON STREET, STE 600
DAVENPORT, IA 52801
    X    

Signatures

 Edmund H. Carroll, Lmtd. POA, Attorney-in-Fact   04/10/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Company's Class B Common Stock automatically converted to Common Stock when the number of outstanding Class B shares declined through trading on March 2, 2011 below the sunset level of 5.6 million shares established in Lee's Restated Certificate of Incorporation, as amended.
(2) Reporting Person disclaims beneficial ownership of all the shares of Lee Common Stock held by Schermer Investment Partnership, L.P. ("SIP"), including those held indirectly by Schermer Management Corporation ("SMC"), except to the extent of his pecuniary interest therein. Reporting Person holds 23.20 limited partnership units of SIP; Reporting Person's spouse, Betty A. Schermer, holds 37.30 limited partnership units of SIP; Reporting Person's son, Gregory P. Schermer, holds 10 limited partnership units of SIP; Gregory P. Schermer, as trustee of trusts for the benefit of each of his four children, holds 8 limited partnership units of SIP (2 units held by each such trust); Reporting Person's son, Grant E. Schermer, holds 2 limited partnership units of SIP; Grant E. Schermer,
(3) as trustee of a trust for the benefit of Grant E. Schermer, holds 10 limited partnership units of SIP; Grant E. Schermer, as trustee of a grantor retained annuity trust for the benefit of Betty A. Schermer during its term and for his benefit upon its termination, holds 8.5 limited partnership units of SIP; and SMC holds one general partnership unit of SIP.
(4) The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein.
(5) Reporting Person disclaims beneficial ownership of all the shares of Lee Common Stock, except to the extent of Reporting Person's spouse's pecuniary interest therein.

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