1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
employee stock option (right to buy)
|
Â
(3)
|
08/26/2009 |
Common Stock
|
9,292
|
$
19.5044
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
08/30/2011 |
Common Stock
|
20,908
|
$
18.8318
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
08/29/2012 |
Common Stock
|
11,616
|
$
15.9607
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
06/10/2008 |
Common Stock
|
6,969
|
$
21.1045
|
D
|
Â
|
employee stock option (right to buy)
|
Â
(3)
|
08/27/2008 |
Common Stock
|
4,646
|
$
20.687
|
D
|
Â
|
employee stock option (right to buy)
|
08/31/2009(4)
|
08/31/2016 |
Common Stock
|
68,575
|
$
14.3165
|
D
|
Â
|
employee stock option (right to buy)
|
08/31/2009(4)
|
08/31/2016 |
Common Stock
|
29,390
|
$
14.3165
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 27,274 restricted stock units ("RSUs") that vest in three equal installments pro rata over the three years following the date of grant, subject to continued employment with Sara Lee. Upon vesting, each RSU is convertible into shares of common stock on a one-for-one basis. |
(2) |
Includes 28,813 RSUs that may be settled only for shares of common stock. 50% of the RSU will vest on August 31, 2009, subject to the reporting person's continued employment with Sara Lee through that date. The remaining 50% of the RSU will vest on August 31, 2009 if and to the extent certain predetermined performance targets have been achieved. Depending upon the performance achieved, the reporting person could receive up to 150% of the total shares covered by the RSU. Performance targets relate to the cumulative growth in Sara Lee's diluted EPS relative to its peers. |
(3) |
Option is fully vested and immediately exercisable as of the date of this filing. Employee stock options generally vest in three equal annual installments and expire ten years after the date of grant. |
(4) |
Option vests in full on August 31, 2009, subject to the reporting person?s continued employment with Sara Lee through that date. |