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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* LEE ROBERT E (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 Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 02/03/2004
	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)(1)	02/02/2004		M		4,000	A	$11.8438	4,900	D
Common Stock ($1 par value)(1)	02/03/2004		S		2,000	D	$50.58	2,900	D
Common Stock ($1 par value)(1)	02/03/2004		S		2,000	D	$50.56	900	D
Class B Common Stock ($1 par value)								2,800	D

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)	$11.8438	02/02/2004		M			4,000	11/15/1995	11/15/2004	Common Stock ($1 par value)	4,000	$11.8438	0	D
Non-Qualified Stock Option (right to buy)(1)	$18.0313							11/13/1996	11/14/2005	Common Stock ($1 par value)	4,000		4,000	D
Non-Qualified Stock Option (right to buy)(1)	$25.8438							11/11/1997	11/12/2006	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$31.5							11/14/2001	11/14/2010	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$34.6							11/13/2002	11/13/2011	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$34.7812							11/11/1998	11/11/2007	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$36.7188							11/09/2000	11/09/2009	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$39.0312							11/10/1999	11/10/2008	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$45.275							11/12/2003	11/12/2012	Common Stock ($1 par value)	6,000		6,000	D
Non-Qualified Stock Option (right to buy)(1)	$49.75							11/11/2004	11/11/2013	Common Stock ($1 par value)	6,000		6,000	D
Stock equivalent units	$0							08/08/1988	08/08/1988	Common Stock ($1 par value)(2)	10,934		10,934	D

Explanation of Responses:

1. This option was awarded pursuant to the Meredith Corp. Stock Plan for Non-employee Directors and becomes exercisable in three equal annual installments, commencing on the first anniversary of the date of grant.

2. Stock equivalents issued at fair market value (the average of the high and low selling price of Meredith Common Stock on the issue date), pursuant to Meredith Corp.'s 2002 Stock Plan for Non-employee Directors (the "Plan"), which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the reporting person's retirement from or termination of service on the Meredith Board of Directors. Quarterly dividends are accrued in the form of additional stock equivalents. Data in this footnote would normally appear in the Title, Exercisable Date, and Price columns.

	By: Teresa T. Rinker, Sr. Legal Assistant For: Robert E. Lee	02/03/2004
	** 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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