LEE GREG 4
4 · SEARS ROEBUCK & CO · Filed Oct 5, 2004
Insider Transaction Report
Form 4
LEE GREG
Senior Vice President
Transactions
- Award
Common Share Units
2004-10-01$40.02/sh+5.423$217→ 974.331 total→ Common Shares (5.423 underlying) - Award
Common Share Units
2004-10-01$40.02/sh+203.46$8,142→ 35,605.551 total→ Common Shares (203.46 underlying)
Footnotes (3)
- [F1]These common share units were acquired pursuant to the Sears, Roebuck and Co. Deferred Compensation Plan, as Amended and Restated to December 13, 2000 (the "Plan"). These units represent salary, annual incentive, long-term incentive and/or dividend payments deferred under the Plan, converted into units based on the market price of Sears common shares on the date of deferral and held in the non-diversifiable account of the Plan.
- [F2]The units are credited with amounts representing dividends on common shares, as declared, which are also converted into units. The common share units are to be settled in cash, either in a lump sum or in a series of annual payments, following separation from service.
- [F3]These common share units were acquired pursuant to the Sears, Roebuck and Co. Deferred Compensation Plan, as Amended and Restated to December 13, 2000 (the "Plan"). These units represent salary, annual incentive, long-term incentive and/or dividend payments deferred under the Plan and converted into units based on the market price of Sears common shares on the date of deferral.