X0306 4 2014-03-06 0 0001232241 JOURNAL COMMUNICATIONS INC JRN 0001447718 Fernandez Andre J JOURNAL COMMUNICATIONS, INC. 333 W. STATE ST. MILWAUKEE WI 53203 0 1 0 0 President and CFO Class A Common Stock 2500 D Class B Common Stock 2014-03-06 4 A 0 11352 0 A Class A Common Stock 11352 300845 D Performance Units 2014-03-06 4 A 0 11352 0 A Class B Common Stock 11352 11352 D Performance Units Class B Common Stock 16035 16035 D Performance Units Class B Common Stock 16100 16100 D The Class B Common Stock is convertible into Class A Common Stock (subject to certain limitations specified in the Issuer's Amended and Restated Articles of Incorporation) on a 1-for-1 basis at no cost. Restricted stock granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable as follows: 33% on March 6, 2015, 33% on March 6, 2016 and 34% on March 6, 2017. Includes 482 shares acquired on June 30, 2013 and 387 shares on December 31, 2013 under the Journal Communications, Inc. Employee Stock Purchase Plan. Performance units granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2017 if the performance target is achieved. Performance units granted March 11, 2013 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2016 if the performance target is achieved. Performance units granted March 19, 2012 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2014 if the performance target is achieved. /s/ Russell E. Ryba, Attorney-in-Fact for Andre J. Fernandez 2014-03-10