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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SCHERMER LLOYD G C/O REED SMITH LLP 10 SOUTH WACKER DRIVE CHICAGO, IL 60606-7507 |
X |
Edmund H, Carroll, Limited POA | 06/11/2009 | |
**Signature of Reporting Person | Date |
* | 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) | Reporting Person disclaims beneficial ownership of all the shares of Lee Class B Common Stock (Lee Class B") 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. As a result of the gifts of limited partnership interests in SIP noted below, 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, |
(2) | 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. |
(3) | The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest, if any, therein. |
(4) | On May 15, 2009 (a) Betty A. Schermer gave one share of Lee Class B to separate trusts for the benefit of each of the four children of Gregory P. Schermer (who is the trustee of such trusts); (b) Reporting Person and Betty A. Schermer each gave to such trusts one limited partnership unit of SIP for the benefit of Gregory P. Schermer's four children; (c) Betty A. Schermer gave one share of Lee Class B and two limited partnership units of SIP to Grant E. Schermer; and (d) Betty A. Schermer gave three shares of Lee Class B and 8.5 limited partnership units of SIP to a grantor retained annuity trust for the benefit of Betty A. Schermer during the term thereof and for the benefit of Grant E. Schermer on termination of such trust. |
(5) | Reporting Person's spouse disclaims beneficial ownership of all the Lee Class B, including those held indirectly by SMC, except to the extent of her pecuniary interest therein. |