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*
JELENIC ROBERT M
(Last) (First) (Middle)
STATE ST SQUARE
50 WEST STATE STREET
(Street)
TRENTON NJ 08608
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JOURNAL REGISTER CO [ JRC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
01/21/2004
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 01/21/2004 M 46,667 A $14 457,219(1) D
Common Stock 01/21/2004 S 46,667 D $20.97 410,552(2) D
Common Stock 01/22/2004 M 14,715 A $14 425,267(3) D
Common Stock 01/22/2004 S 14,715 D $20.91 410,552(4) 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
Stock Options $14 01/21/2004 M 46,667 05/20/2002(5) 05/20/2007 Common Stock 46,667 $0 2,010,901(6) D
Stock Options $14 01/22/2004 M 14,715 05/20/2002(7) 05/20/2007 Common Stock 14,715 $0 1,996,186(8) D
Explanation of Responses:
1. Includes 1,800 shares held as custodian for the filer's children and 250 shares owned by the filer's spouse, as to which the filer disclaims beneficial ownership, except to the extent of any indirect pecuniary interest therein.
2. See footnote 1.
3. See footnote 1.
4. See footnote 1.
5. The options vested in five equal annual installments commencing 5/20/98.
6. Includes stock options to purchase the following number of shares of Common Stock: 22,984 options (date of grant: 5/20/97; exercise price: $14.00); 322,917 options (date of grant: 5/20/97; exercise price: $21.00); 320,000 options (date of grant: 5/1/98; exercise price: $22.50); 320,000 options (date of grant: 5/3/99; exercise price: $14.72); 320,000 options (date of grant: 5/1/00; exercise price: $14.62); 245,000 options (date of grant: 5/1/01; exercise price: $15.825); 250,000 options (date of grant: 5/1/02; exercise price: $21.67); and 210,000 options (date of grant: 5/1/03; exercise price: $17.55). All such options vest and become exercisable in five equal annual installments of 20% commencing on the one year anniversary of the date of grant and terminate ten years from the date of grant.
7. See footnote 5.
8. Includes stock options to purchase the following number of shares of Common Stock: 8,269 options (date of grant: 5/20/97; exercise price: $14.00); 322,917 options (date of grant: 5/20/97; exercise price: $21.00); 320,000 options (date of grant: 5/1/98; exercise price: $22.50); 320,000 options (date of grant: 5/3/99; exercise price: $14.72); 320,000 options (date of grant: 5/1/00; exercise price: $14.62); 245,000 options (date of grant: 5/1/01; exercise price: $15.825); 250,000 options (date of grant: 5/1/02; exercise price: $21.67); and 210,000 options (date of grant: 5/1/03; exercise price: $17.55). All such options vest and become exercisable in five equal annual installments of 20% commencing on the one year anniversary of the date of grant and terminate ten years from the date of grant.
Robert M. Jelenic 01/23/2004
** 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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