SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KERR WILLIAM T
(Last) (First) (Middle)
1716 LOCUST STREET
(Street)
DES MOINES IA 50309-3023
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MEREDITH CORP [ MDP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/09/2004
4. If Amendment, Date of 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
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 ($1 par value) 08/09/2004 G V 6,480 D $0 144,256 D
Common Stock ($1 par value) 5,398 I by Managed Account
Common Stock ($1 par value) 95,917 I by Partnership
Common Stock ($1 par value) 15,000 I by Spouse
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 Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option (right to buy)(1) $20.3125 08/14/2001 08/13/2006 Common Stock ($1 par value) 116,600 116,600 D
Non-Qualified Stock Option (right to buy)(1) $21.0938 07/01/2001 06/30/2006 Common Stock ($1 par value) 116,600 116,600 D
Non-Qualified Stock Option (right to buy)(1) $25.3905 08/14/2001 08/13/2006 Common Stock ($1 par value) 58,400 58,400 D
Non-Qualified Stock Option (right to buy)(1) $26.0313 01/02/2002 01/01/2007 Common Stock ($1 par value) 233,400 233,400 D
Non-Qualified Stock Option (right to buy)(1) $26.3672 07/01/2001 06/30/2006 Common Stock ($1 par value) 58,400 58,400 D
Non-Qualified Stock Option (right to buy)(2) $28.0625 08/09/2008 08/08/2010 Common Stock ($1 par value) 75,000 75,000 D
Non-Qualified Stock Option (right to buy)(1) $28.0625 08/09/2001 08/09/2010 Common Stock ($1 par value) 100,000 100,000 D
Non-Qualified Stock Option (right to buy)(3) $29.875 08/12/2000 08/12/2007 Common Stock ($1 par value) 85,000 85,000 D
Non-Qualified Stock Option (right to buy)(1) $32.539 01/02/2002 01/01/2007 Common Stock ($1 par value) 116,600 116,600 D
Non-Qualified Stock Option (right to buy)(1) $33.1563 08/11/2000 08/11/2009 Common Stock ($1 par value) 100,000 100,000 D
Non-Qualified Stock Option (right to buy)(1) $34.8 08/08/2002 08/08/2011 Common Stock ($1 par value) 120,000 120,000 D
Non-Qualified Stock Option (right to buy)(1) $39.05 08/13/2003 08/13/2012 Common Stock ($1 par value) 150,000 150,000 D
Non-Qualified Stock Option (right to buy)(4) $46.165 08/12/2006 08/12/2013 Common Stock ($1 par value) 175,000 175,000 D
Non-Qualified Stock Option (right to buy)(5) $46.165 08/12/2011 08/13/2013 Common Stock ($1 par value) 175,000 175,000 D
Stock equivalent units $0 08/08/1988 08/08/1988 Common Stock ($1 par value) 45,396 45,396 D
Explanation of Responses:
1. This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and becomes exercisable in three equal annual installments, commencing on the first anniversary of the date of grant.
2. This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full August 9, 2008. Graduated percentages of the option, however, will become exercisable August 13, 2003, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
3. This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full February 12, 2007. Graduated percentages of the option, however, will become exercisable August 12, 2000, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
4. This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and becomes exercisable in its entirety on the third anniversary of the date of grant.
5. This option was granted pursuant to the '96 Meredith Corp. Stock Incentive Plan and will become exercisable in full on August 12, 2011. Graduated percentages of the option, however, will become exercisable on August 12, 2006, if specified EPS growth targets set forth in Exhibit A to the Nonqualified Stock Option Award agreement are met.
By: John S. Zieser, Attorney-in-Fact For: William T. Kerr 08/09/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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