LEE GREG 4
4 · SEARS ROEBUCK & CO · Filed Jan 6, 2004
Insider Transaction Report
Form 4
LEE GREG
Senior Vice President
Transactions
- Other
Common Share Units
2004-01-01$45.18/sh+35,000$1,581,300→ 35,000 totalExercise: $0.00→ Common Shares (35,000 underlying) - Other
Common Shares
2004-01-01$45.18/sh−35,000$1,581,300→ 1,000 total - Award
Common Share Units
2004-01-02$44.87/sh+3.64$163→ 622.94 totalExercise: $0.00→ Common Shares (3.64 underlying)
Footnotes (4)
- [F1]Upon unrestriction, the shares have been surrendered to the company in exchange for common share units 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.
- [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 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.
- [F4]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.