CANTALUPO JAMES R 4
4 · SEARS ROEBUCK & CO · Filed Jan 6, 2004
Insider Transaction Report
Form 4
CANTALUPO JAMES R
Director
Transactions
- Award
Deferred Shares
2004-01-02$45.41/sh+21.37$970→ 4,362.02 totalExercise: $0.00→ Common Shares (21.37 underlying) - Award
Common Share Units
2004-01-02$44.87/sh+233.39$10,472→ 2,292.48 totalExercise: $0.00→ Common Shares (233.39 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.