4//SEC Filing
Phelan William K 4
Accession 0001181431-09-015848
CIK 0001310067other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 6:24 PM ET
Size
6.2 KB
Accession
0001181431-09-015848
Insider Transaction Report
Form 4
Phelan William K
SVP and Controller
Transactions
- Disposition to Issuer
Common Stock
2009-03-12−4,495→ 4,641 total
Holdings
- 1,046(indirect: By 401(k))
Common Stock
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.
Documents
Issuer
SEARS HOLDINGS CORP
CIK 0001310067
Entity typeother
Related Parties
1- filerCIK 0001322425
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 6:24 PM ET
- Size
- 6.2 KB