FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/29/2007 |
3. Issuer Name and Ticker or Trading Symbol
KRAFT FOODS INC [ KFT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 3,540 | D | |
Class A Common Stock | 12,760(1) | D | |
Class A Common Stock | 17,250(2) | D | |
Class A Common Stock | 14,430(3) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: 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) | (4) | 06/12/2011 | Class A Common Stock | 19,370 | $31 | D | |
Employee Stock Option (right to buy) | (5) | 06/12/2011 | Class A Common Stock | 16,130 | $31 | D |
Explanation of Responses: |
1. Represents shares of restricted stock granted on January 25, 2005, under Issuer's 2001 Performance Incentive Plan which is exempt under Rule 16b-3. The restrictions on the shares lapse and vest on February 4, 2008, provided that the employee remains an employee of Kraft (or a subsidiary or affiliate) during the entire restricted period. |
2. Represents shares of restricted stock granted on January 24, 2006, under Issuer's 2005 Performance Incentive Plan which is exempt under Rule 16b-3. The restrictions on the shares lapse and vest on February 11, 2009, provided that the employee remains an employee of Kraft (or a subsidiary or affiliate) during the entire restricted period. |
3. Represents shares of restricted stock granted on January 29, 2007, under Issuer's 2005 Performance Incentive Plan which is exempt under Rule 16b-3. The restrictions on the shares lapse and vest on February 12, 2010, provided that the employee remains an employee of Kraft (or a subsidiary or affiliate) during the entire restricted period. |
4. Represents stock options granted on June 12, 2001, under Issuer's 2001 Performance Incentive Plan which is exempt under Rule 16b-3. The stock options vested in full (100%) on January 31, 2003. |
5. Represents performance-accelerated stock options granted on June 12, 2001, under Issuer's 2001 Performance Incentive Plan which is exempt under Rule 16b-3. The options would fully vest on June 12, 2006 unless Issuer's stock price reached certain pre-determined targets on the first, second and third anniversaries of the grant. The target was met on the first anniversary of the grant at which time one-third of the grant vested; targets were not met on the second and third anniversaries, therefore the stock options vested fully on June 12, 2006, and remain outstanding. |
Remarks: |
Irma Villarreal, by Power of Attorney | 11/08/2007 | |
** 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 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). | ||
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. |