Smits Marcel H.M. 4
4 · Sara Lee Corp · Filed Aug 30, 2010
Insider Transaction Report
Form 4
Smits Marcel H.M.
EVP, CFO
Transactions
- Award
Common stock
2010-08-26$14.64/sh+13,662$200,012→ 84,127 total - Award
Common stock
2010-08-26$14.64/sh+23,054$337,511→ 107,181 total - Award
Employee stock option (right to buy)
2010-08-26+106,630→ 106,630 totalExercise: $14.64From: 2013-08-31Exp: 2020-08-26→ Common stock (106,630 underlying)
Footnotes (4)
- [F1]One time grant of common stock in recognition of additional responsibilities the reporting person assumed since the departure of the company's chief executive officer in May 2010.
- [F2]Consists of restricted stock units ("RSUs") that vest in full on August 31, 2013, subject to the reporting person's continued employment with Sara Lee through that date.
- [F3]Includes 78,519 RSUs that may be settled only for shares of common stock. RSUs generally vest one to five years after the grant date and, upon vesting, are convertible into shares of common stock on a one-for-one basis. RSUs vest based on the reporting person's continued employment through the vesting period.
- [F4]Option vests in full on August 31, 2013, subject to the reporting person's continued employment with Sara Lee through that date.