LEE GREG 4
4 · SEARS ROEBUCK & CO · Filed Nov 4, 2003
Insider Transaction Report
Form 4
LEE GREG
Senior Vice President
Transactions
- Award
Common Share Units
2003-10-31$52.63/sh+18.49$973→ 580.28 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Shares (18.49 underlying)
Footnotes (2)
- [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]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.