4//SEC Filing
CERRONE STEPHEN 4
Accession 0001209191-11-046453
CIK 0000023666other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 1:11 PM ET
Size
8.4 KB
Accession
0001209191-11-046453
Insider Transaction Report
Form 4
CERRONE STEPHEN
Executive Vice President
Transactions
- Tax Payment
Common stock
2011-08-31$18.04/sh−35,440$639,338→ 193,739 total - Award
Common stock
2011-08-31+75,561→ 229,179 total
Holdings
- 1,638(indirect: By 401(k))
Common stock
Footnotes (3)
- [F1]Represents shares of common stock issued upon the vesting of fiscal 2009 to 2011 performance-based restricted stock units ("PSUs"). The PSUs were eligible for vesting and conversion into common stock only if Sara Lee achieved certain specified levels of total stockholder return ("TSR") (i.e., stock price appreciation plus reinvested dividends), relative to a group of peer companies, over the three-year performance period. Depending upon Sara Lee's relative TSR, possible payouts ranged from 0% to 200% of the original PSU grant. Based on Sara Lee's actual TSR results over the three-year cumulative period ending with fiscal 2011 relative to the peer group, 160% of the original PSU grant vested and were converted into common stock on August 31, 2011.
- [F2]Represents shares of common stock withheld by Sara Lee to satisfy the reporting person's tax liability incurred upon the vesting of PSUs and RSUs.
- [F3]Includes 79,048 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.
Documents
Issuer
Sara Lee Corp
CIK 0000023666
Entity typeother
Related Parties
1- filerCIK 0001263433
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 1:11 PM ET
- Size
- 8.4 KB