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*
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)
01/30/2006
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) 01/30/2006 M 6,000 A $25.8438 6,900 D
Common Stock ($1 par value)(1) 01/31/2006 S 5,500 D $54.6 1,400 D
Common Stock ($1 par value)(1) 01/31/2006 S 500 D $54.64 900 D
Class B Common Stock ($1 par value)(1) 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)(2) $25.8438 01/30/2006 M 6,000 11/11/1997 11/12/2006 Common Stock ($1 par value) 6,000 $0 0 D
Non-Qualified Stock Option (right to buy)(2) $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)(2) $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)(2) $34.7813 11/11/1998 11/11/2007 Common Stock ($1 par value) 6,000 6,000 D
Non-Qualified Stock Option (right to buy)(2) $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)(2) $39.0313 11/10/1999 11/10/2008 Common Stock ($1 par value) 6,000 6,000 D
Non-Qualified Stock Option (right to buy)(2) $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)(2) $49.75 11/11/2004 11/11/2013 Common Stock ($1 par value) 6,000 6,000 D
Non-Qualified Stock Option (right to buy)(2) $50.28 11/09/2006 11/09/2015 Common Stock ($1 par value) 6,000 6,000 D
Non-Qualified Stock Option (right to buy)(2) $51.975 11/09/2005 11/09/2014 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)(3) 12,195 12,195 D
Explanation of Responses:
1. Shares held by the reporting person in street name.
2. This option was awarded pursuant to the Meredith Corp. Stock Plan for Non-employee Directors, becomes exercisable one-third per year over a three-year period beginning on the first anniversary of the grant date, and expires on the tenth anniversary of the grant date.
3. 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, Attorney-in-Fact For: Robert E. Lee 01/31/2006
** 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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