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SLE » Topics » Option Exercises and Stock Vested In Fiscal Year 2009

This excerpt taken from the SLE DEF 14A filed Sep 16, 2009.

Option Exercises and Stock Vested In Fiscal Year 2009

 

The table below provides information on the named executive officer’s stock awards that vested from June 29, 2008 through June 27, 2009. During fiscal year 2009, none of the named executive officers exercised options.

 

     Option Awards   Stock Awards
Name  

Number of Shares
Acquired on Exercise

(#)

  

Value Realized
on Exercise

($)

  

Number of Shares
Acquired on Vesting

(#)

  

Value Realized
on Vesting

($) (1)

Brenda C. Barnes

  

—

  

—

   33,261   449,024

Mark A. Garvey

  

—

  

—

     7,927   107,015

L.M. (Theo) de Kool

 

—

  

—

   13,178   177,903

Christopher J. Fraleigh

  

—

  

—

     8,917   120,380

James W. Nolan

  

—

  

—

   11,642   157,167

Frank van Oers

  

—

  

—

   11,771   158,909

Margaret M. Foran

 

—

  

—

   —   —

 

(1)   Represents the pre-tax value realized on stock awards that vested during the fiscal year, computed by multiplying the number of shares acquired upon vesting by the closing market price of Sara Lee common stock on the vesting date of $13.50 per share. In addition to the value realized, the named executive officers also received accrued dividend equivalents on the shares acquired on vesting. Dividend equivalents are accrued at the same rate as dividends paid to all stockholders.

 

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