HEIDEMANN LYLE G 4
4 · SEARS ROEBUCK & CO · Filed Oct 3, 2003
Insider Transaction Report
Form 4
HEIDEMANN LYLE G
President
Transactions
- Award
Common Share Units
2003-10-01$45.76/sh+54.12$2,477→ 23,353.1 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (54.12 underlying) - Award
Common Share Units
2003-10-01$45.76/sh+34.23$1,566→ 144.05 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (34.23 underlying)
Footnotes (3)
- [F1]The common share units were acquired by the reporting person pursuant to Sears Deferred Compensation Plan and represent salary and long-term incentive payout deferred under that Plan and converted 1 for 1 into units based on the market price of Sears common shares on the date of salary or long-term payout deferral. The units are credited with amounts representing dividends on common shares, as declared, which are also converted into units.
- [F2]These common share units are held in the non-diversifiable account of the Sears Stock Deferred Compensation Plan. The common share units are to be settled in cash either in a lump sum or in a series of annual payments following seperation from service.
- [F3]The common share units are to be settled in cash either in a lump sum or in a series of annual payments following the reporting p erson's separation from service.