YZAGUIRRE RAUL 4
4 · SEARS ROEBUCK & CO · Filed Oct 3, 2003
Insider Transaction Report
Form 4
YZAGUIRRE RAUL
Director
Transactions
- Award
Common Share Units
2003-10-01$45.76/sh+115.19$5,271→ 1,292.62 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (115.19 underlying) - Award
Deferred Shares
2003-10-01$45.00/sh+15.45$695→ 3,036.95 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (15.45 underlying)
Footnotes (3)
- [F1]The common share units were acquired by the undersigned pursuant to Sears Deferred Compensation Plan for Directors and represents directors' fees deferred under the Plan and converted 1 for 1 into units based on the market price of Sears common shares. The units are credited with amounts representing dividend on common shares, as declared, which are also converted into units.
- [F2]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.
- [F3]These deferred shares were granted under the Non-Employee Director Stock Plan and are credited with amounts representing dividends on common shares, as declared, which 1 for 1 are also converted into deferred shares. These deferred shares vest on the first anniversary of the date of grant and are exchangeable for common shares following termination of service as a director.