X0306 4 2015-02-28 1 0001232241 JOURNAL COMMUNICATIONS INC JRN 0001490678 Kaiser William M JOURNAL COMMUNICATIONS, INC. 333 W. STATE ST. MILWAUKEE WI 53203 0 1 0 0 Vice President Class A Common Stock 3215 D Class A Common Stock 10003 I By Spouse Class A Common Stock 50 I By Trust Class B Common Stock 2015-02-28 4 F 0 2734 11.88 D Class A Common Stock 2734 17609 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. Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock previously issued. The reporting person's restricted stock vesting was accelerated upon his departure from the company. /s/ Russell E. Ryba, Attorney-in-Fact for William M. Kaiser 2015-03-03