X0306 4 2015-03-13 0 0001232241 JOURNAL COMMUNICATIONS INC JRN 0001447718 Fernandez Andre J JOURNAL COMMUNICATIONS, INC. 333 W. STATE ST. MILWAUKEE WI 53203 0 1 0 0 Pres & Chief Operating Officer Class A Common Stock 2500 D Performance Units 2015-03-13 4 M 0 16100 0 D Class B Common Stock 16100 0 D Class B Common Stock 2015-03-13 4 M 0 24150 0 A Class A Common Stock 24150 318826 D Class B Common Stock 2015-03-13 4 F 0 10892 13.12 D Class A Common Stock 10892 307934 D Performance Units Class B Common Stock 11352 11352 D Performance Units Class B Common Stock 16035 16035 D Performance units granted March 19, 2012 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2015 if the performance target is achieved. 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. The Company's level of attainment of specified performance goals for the three-year period beginning December 26, 2011 and ending December 28, 2014 were exceeded with the reporting person earning 150% of the target award in accordance with performance metrics pursuant to the Journal Communications, Inc. 2007 Omnibus Incentive Plan. Reflects payment of tax liability by withholding shares of stock incident to the vesting of performance units. 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. /s/ Russell E. Ryba, Attorney-in-Fact for Andre J. Fernandez 2015-03-17