YZAGUIRRE RAUL 4
4 · SEARS ROEBUCK & CO · Filed Jan 4, 2005
Insider Transaction Report
Form 4
YZAGUIRRE RAUL
Director
Transactions
- Award
Common Share Units
2005-01-03$51.92/sh+8.02$416→ 1,819.23 total→ Common Shares (8.02 underlying) - Award
Common Share Units
2005-01-03$51.60/sh+96.9$5,000→ 1,916.13 total→ Common Shares (96.9 underlying) - Award
Deferred Shares
2005-01-03$51.92/sh+18.473$959→ 4,189.037 total→ Common Shares (18.473 underlying)
Footnotes (3)
- [F1]The common share units were acquired pursuant to the Sears Non-Employee Director Deferred Compensation Plan and represent deferred director's fees converted into units based on the market price of Sears common shares. 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 separation fr om 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 are 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.