LEE SARA CORP 4
4 · LEE SARA CORP · Filed Jul 7, 2005
Insider Transaction Report
Form 4
BATTENBERG JT III
Director
Transactions
- Award
common stock
2005-07-05$19.59/sh+2,807$55,003→ 21,658 total - Award
common stock
2005-07-05$19.59/sh+4,275$83,769→ 25,933 total
Footnotes (3)
- [F1]Consists of shares of common stock that the reporting person elected to receive in lieu of a portion of his annual cash retainer for serving as a director during fiscal 2006.
- [F2]Consists of restricted stock units granted for serving on the Board of Directors, and on one or more Committees of the Board, during fiscal year 2006. The restricted stock units will vest on June 30, 2006 and will be converted into shares of Sara Lee common stock on a one-for-one basis on the date six months after the reporting person ceases to be a director of Sara Lee.
- [F3]Includes 11,535 RSUs that may be settled only for shares of common stock. RSUs vest one year after the grant date and, on the settlement date, are convertible into shares of common stock on a one-for-one basis. The settlement date is either three years after the date of grant, for RSUs granted before July 2005, or six months after the reporting person ceases to be a director of Sara Lee, for other RSUs.