Smits Marcel H.M. 4
4 · Sara Lee Corp · Filed Feb 2, 2011
Insider Transaction Report
Form 4
Smits Marcel H.M.
EVP, CFO
Transactions
- Award
Common stock
2011-01-31$16.97/sh+39,040$662,509→ 146,221 total - Award
Employee stock option (right to buy)
2011-01-31+158,376→ 158,376 totalExercise: $16.97From: 2013-08-31Exp: 2021-01-31→ Common stock (158,376 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") vest in full on August 31, 2013, subject to the reporting person's continued employment with Sara Lee through that date.
- [F2]Includes 117,559 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.
- [F3]Option vests in full on August 31, 2013, subject to the reporting person's continued employment with Sara Lee through that date.