Grantee”) by Journal Communications, Inc. (the “Company”) of Stock Appreciation Rights with respect to shares of its Class B Common Stock, $0.01 par value (the “SARs”), having a base value of $____ per share (the “Base Value”)Stock Appreciation Rights Certificate • March 9th, 2012 • Journal Communications Inc • Newspapers: publishing or publishing & printing
pursuant to and subject to the provisions of the Journal Communications, Inc. 2007 Omnibus Incentive Plan (the “Plan”) and to the terms and conditions set forth on the following page (the “Terms and Conditions”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
