X0201 4 2004-03-15 0 0000319256 SEARS ROEBUCK & CO S 0001247334 ZOPP ANDREA L 3333 BEVERLY ROAD HOFFMAN ESTATES IL 60179 0 1 0 0 Senior Vice President Common Share Units 2004-03-15 2004-03-15 4 A 0 371.9567 44.36 A Common Shares 371.9567 371.9567 D Common Share Units 2004-03-15 2004-03-15 4 A 0 2130.2976 44.36 A Common Shares 2130.2976 2502.2543 D The common share units were acquired by the reporting person pursuant to Sears, Roebuck and Co.'s Deferred Compensation Plan, as Amended and Restated to December 13, 2000 (the "Plan"). These units represent salary, annual incentive and/or long-term incentive payments deferred under the Plan and converted into units based on the market price of Sears common shares on the date of deferral. The units are credited with amounts representing dividends on common shares, as declared, which are also converted into units. The common share units are to be settled in cash, either in a lump sum or in a series of annual payments, following separation fr om service. These common share units are held in the restricted common share unit account of the Plan. If the common share units become unrestricted in accordance with the Plan they will be settled in cash, either in a lump sum or in a series of annual payments, following separation from service. Andrea L. Zopp 2004-03-17