FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LEE SARA CORP [ SLE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/28/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
common stock | 08/28/2003 | A | 25,000(1) | A | $18.505 | 178,149 | D | |||
common stock | 08/28/2003 | A | 25,000(2) | A | $18.505 | 203,149 | D | |||
common stock | 08/28/2003 | D | 9,375(3) | D | $18.505 | 193,774 | D | |||
common stock | 08/28/2003 | D | 15,625(4) | D(4) | $18.505 | 178,522(5)(6) | D | |||
common stock | 1,500 | I | By spouse |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
phantom stock | (7) | 08/28/2003 | A | 29,452(8) | (9) | (9) | common stock | 29,452 | $0 | 55,871 | D |
Explanation of Responses: |
1. Award of restricted stock units that may be settled only for shares of common stock on a one-for-one basis. Restricted stock units vest in full on August 31, 2006 to the extent predetermined performance targets have been achieved. |
2. Award of restricted stock units that may be settled only for shares of common stock on a one-for-one basis. Restricted stock units vest in three equal annual installments beginning on August 31, 2004. |
3. Represents performance-based restricted stock units that did not vest at the end of the performance period. |
4. The reporting person has deferred the receipt of shares of common stock that would have been issued upon the vesting of restricted stock units. |
5. Does not include vested interest in 70 shares of ESOP Convertible Preferred Stock beneficially owned as a participant in the Sara Lee Corporation Employee Stock Ownership Plan as of August 20, 2003 (date of the Plan???s last report). |
6. Includes 373 shares acquired as a participant in Sara Lee's employee stock purchase plan. |
7. The phantom stock units will convert into shares of Sara Lee common stock on a one-for-one basis. |
8. The reporting person has deferred receipt of 13,827 shares of common stock issuable in lieu of a portion of his annual cash bonus and 15,625 shares issuable upon the vesting of restricted stock units. |
9. The reporting person will receive shares of Sara Lee common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan. |
Remarks: |
/s/ Helen N. Kaminski For Cary D. McMillan pursuant to power of attorney previously filed. | 08/29/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |