Smits Marcel H.M. 4
4 · Hillshire Brands Co · Filed Jul 2, 2012
Insider Transaction Report
Form 4
Smits Marcel H.M.
EVP, CFO
Transactions
- Disposition to Issuer
common stock
2012-06-28−36,015→ 171,855 total - Tax Payment
common stock
2012-06-28$18.50/sh−91,379$1,690,512→ 207,870 total - Award
common stock
2012-06-28$18.50/sh+153,028$2,831,018→ 299,249 total
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.