Prosser Ian Maurice Gray 4
4 · Sara Lee Corp · Filed Feb 9, 2010
Insider Transaction Report
Form 4
Prosser Ian Maurice Gray
Director
Transactions
- Award
Common stock
2010-02-08$12.45/sh+3,013$37,512→ 55,338 total
Footnotes (4)
- [F1]Grant constitutes compensation to the reporting person for serving on a special litigation committee of the Board of Directors with respect to a derivative lawsuit that recently was settled. The Board approved compensation for committee members, including the equity grant, at the first regular meeting of the Board after the derivative lawsuit was settled.
- [F2]Consists of restricted stock units (RSUs) which will vest on Februrary 8, 2011 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.
- [F3]Includes 46,450 RSUs that may be settled only for shares of common stock. RSUs 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.
- [F4]Includes 49 shares acquired as a participant in Sara Lee Corporation's dividend reinvestment plan.