MIXON JAMES P 4
4 · SEARS HOLDINGS CORP · Filed Mar 16, 2009
Insider Transaction Report
Form 4
MIXON JAMES P
SVP Logistics & Transportation
Transactions
- Disposition to Issuer
Common Stock
2009-03-12−4,495→ 3,808 total
Footnotes (1)
- [F1]Performance-based restricted stock award that was surrendered to Sears Holdings Corporation pursuant to the terms of an amendment to the 2007 Executive Long-Term Incentive Program ("2007 LTIP"). The amendment to the 2007 LTIP permits the company to pay the LTIP award in cash rather than in stock. Under the terms of the original 2007 LTIP, the executive was granted shares that are subject to forfeiture if the performance targets of the 2007 LTIP are not met. Since the award may be payable in cash, these shares are being surrendered at this time. The 2007 LTIP awards are expected to be settled by a distribution of cash if the performance targets are met.