-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WLObf36O1RENavt1ewr5Y0NePNuGRRTMLx5isYpwU3H91l7CyB4x3lJfyqJLteVW
 X+G4rrvdu5IvMBpyu0F+LA==

<SEC-DOCUMENT>0001418812-08-000092.txt : 20080829
<SEC-HEADER>0001418812-08-000092.hdr.sgml : 20080829
<ACCEPTANCE-DATETIME>20080829120157
ACCESSION NUMBER:		0001418812-08-000092
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080829
FILED AS OF DATE:		20080829
DATE AS OF CHANGE:		20080829

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sara Lee Corp
		CENTRAL INDEX KEY:			0000023666
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOD & KINDRED PRODUCTS [2000]
		IRS NUMBER:				362089049
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		3500 LACEY ROAD
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515
		BUSINESS PHONE:		6305986000

	MAIL ADDRESS:	
		STREET 1:		3500 LACEY ROAD
		CITY:			DOWNERS GROVE
		STATE:			IL
		ZIP:			60515

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEE SARA CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSOLIDATED FOODS CORP
		DATE OF NAME CHANGE:	19850402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSOLIDATED GROCERD CORP
		DATE OF NAME CHANGE:	19731220

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ValueAct Capital Management, L.P.
		CENTRAL INDEX KEY:			0001351069
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047826

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ValueAct Capital Management, LLC
		CENTRAL INDEX KEY:			0001351073
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047825

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VA Partners III, LLC
		CENTRAL INDEX KEY:			0001375350
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047827

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VA Partners I, LLC
		CENTRAL INDEX KEY:			0001418812
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047828

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ValueAct Holdings GP, LLC
		CENTRAL INDEX KEY:			0001418813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047824

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ValueAct Holdings, L.P.
		CENTRAL INDEX KEY:			0001418814
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03344
		FILM NUMBER:		081047829

	BUSINESS ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-362-3700

	MAIL ADDRESS:	
		STREET 1:		435 PACIFIC AVENUE, 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-08-29</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000023666</issuerCik>
        <issuerName>Sara Lee Corp</issuerName>
        <issuerTradingSymbol>SLE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001418814</rptOwnerCik>
            <rptOwnerName>ValueAct Holdings, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001418812</rptOwnerCik>
            <rptOwnerName>VA Partners I, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001375350</rptOwnerCik>
            <rptOwnerName>VA Partners III, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001351069</rptOwnerCik>
            <rptOwnerName>ValueAct Capital Management, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001351073</rptOwnerCik>
            <rptOwnerName>ValueAct Capital Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001418813</rptOwnerCik>
            <rptOwnerName>ValueAct Holdings GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 PACIFIC AVENUE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Less than 10% owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Joint Filer Information:

Name: ValueAct Capital Master Fund, L.P.
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: ValueAct Capital Master Fund III, L.P.
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: VA Partners I, LLC
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: VA Partners III, LLC
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: ValueAct Capital Management, L.P.
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: ValueAct Capital Management, LLC
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08

Name: ValueAct Holdings GP, LLC
Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133
Designated Filer: ValueAct Holdings, L.P.
Issuer and Ticker: Sara Lee Corporation (SLE)
Date of Event Requiring Statement: 8/29/08</remarks>

    <ownerSignature>
        <signatureName>VALUEACT HOLDINGS, L.P., By: VALUEACT HOLDINGS GP, LLC, its General Partner, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VALUEACT CAPITAL MASTER FUND, L.P., By:  VA PARTNERS I, LLC, its General Partner, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VALUEACT CAPITAL MASTER FUND III, L.P., By:  VA PARTNERS III, LLC, its General Partner, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VA PARTNERS I, LLC, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VA PARTNERS III, LLC, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VALUEACT CAPITAL  MANAGEMENT, L.P., By:  VALUEACT CAPITAL MANAGEMENT, LLC, its General Partner, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VALUEACT CAPITAL MANAGEMENT, LLC, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>VALUEACT HOLDINGS GP, LLC, By:/s/ George F. Hamel. Jr., Chief Operating Officer</signatureName>
        <signatureDate>2008-08-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----