van Oers Frank 4
4 · Sara Lee Corp · Filed Aug 30, 2010
Insider Transaction Report
Form 4
van Oers Frank
Executive Vice President
Transactions
- Award
Common stock
2010-08-26$14.64/sh+18,785$275,012→ 173,849 total - Award
Employee stock option (right to buy)
2010-08-26+86,884→ 86,884 totalExercise: $14.64From: 2013-08-31Exp: 2020-08-26→ Common stock (86,884 underlying)
Footnotes (3)
- [F1]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.
- [F2]Includes 123,440 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 either based on the reporting person's continued employment through the vesting period, or to the extent predetermined performance targets are achieved.
- [F3]Option vests in full on August 31, 2013, subject to the reporting person's continued employment with Sara Lee through that date.