SORENSEN NORMAN R 4
4 · Sara Lee Corp · Filed Jan 5, 2012
Insider Transaction Report
Form 4
SORENSEN NORMAN R
Director
Transactions
- Award
Common stock
2012-01-03$18.79/sh+6,387$120,012→ 65,996 total
Footnotes (3)
- [F1]Consists of restricted stock units (RSUs) granted for serving on the Board of Directors during calendar year 2012. The RSUs will vest on January 3, 2013 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.
- [F2]Includes 474 RSUs acquired in the company's dividend reivenstment plan with accrued dividend equivalents.
- [F3]Includes 45,434 RSUs that may be settled only for shares of common stock. RSUs generally 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 six months after the reporting person ceases to be a director of Sara Lee.