CERRONE STEPHEN 4
4 · Hillshire Brands Co · Filed Jul 2, 2012
Insider Transaction Report
Form 4
CERRONE STEPHEN
Executive Vice President
Transactions
- Tax Payment
common stock
2012-06-28$18.50/sh−51,686$956,191→ 245,595 total - Disposition to Issuer
common stock
2012-06-28−10,301→ 235,294 total - Award
common stock
2012-06-28$18.50/sh+67,389$1,246,697→ 297,281 total
Holdings
- 2,398(indirect: By 401(k))
common stock
Footnotes (3)
- [F1]Represents shares of common stock earned under performance stock units (PSUs) that vested upon completion of the spin-off. The number of shares earned was determined based upon the extent to which the company achieved certain predetermined performance goals.
- [F2]Represents shares of common stock withheld by Sara Lee to satisfy the reporting person's tax liability incurred upon the vesting of restricted stock units and PSUs.
- [F3]Represents shares of common stock subject to PSUs that were forfeited due to performance goals not being achieved.