SEC FORM 4

SEC Form 4

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^*

KOPRIVA ROBERT S

(Last)

(First)

(Middle)

10151 CARVER ROAD

(Street)

CINCINNATI

45242

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LEE SARA CORP [ SLE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common stock	12/09/2003		G⁽¹⁾		480	D	$0⁽¹⁾	100,060	D
common stock	12/10/2003		M		2,667	A	$18.6562	102,727	D
common stock	12/10/2003		M		3,551	A	$18.54	106,278	D
common stock	12/10/2003		M		10,000	A	$18.6562	116,278	D
common stock	12/10/2003		M		20,777	A	$18.575	137,055	D
common stock	12/10/2003		F		2,515	D	$20.805	134,540	D
common stock	12/10/2003		F		3,336	D	$20.805	131,204	D
common stock	12/10/2003		F		9,426	D	$20.805	121,778	D
common stock	12/10/2003		F		19,541	D	$20.805	102,237⁽²⁾	D
common stock								5,946⁽³⁾	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
employee stock option (right to buy)	$18.6562	12/10/2003		M			2,667	01/27/2003	01/27/2010	common stock	2,667	$0	0	D
employee stock option (right to buy)	$18.54	12/10/2003		M			3,551	08/29/2003	08/29/2012	common stock	3,551	$0	46,449	D
employee stock option (right to buy)	$18.6562	12/10/2003		M			10,000	01/27/2001	01/27/2010	common stock	10,000	$0	0	D
employee stock option (right to buy)	$18.575	12/10/2003		M			20,777	12/10/2003	04/27/2010	common stock	20,777	$0	0	D
employee stock option (right to buy)	$20.805	12/10/2003		A		2,515		06/10/2004	01/27/2010	common stock	2,515	$0	2,515	D
employee stock option (right to buy)	$20.805	12/10/2003		A		3,336		06/10/2004	08/29/2012	common stock	3,336	$0	3,336	D
employee stock option (right to buy)	$20.805	12/10/2003		A		9,426		06/10/2004	01/27/2010	common stock	9,426	$0	9,426	D
employee stock option (right to buy)	$20.805	12/10/2003		A		19,541		06/10/2004	04/27/2010	common stock	19,541	$0	19,541	D

Explanation of Responses:

1. Represents charitable contribution to a nonprofit organization.

2. Includes 92 shares acquired as a participant in the Sara Lee Corporation dividend reinvestment plan and 323 shares acquired as a participant in the Sara Lee Corporation Employee Stock Purchase Plan.

3. Includes shares of common stock issued upon conversion of all outstanding shares of ESOP Convertible Preferred Stock held in the reporting person's Sara Lee Employee Stock Ownership Plan account. On September 2, 2003, each share of ESOP Convertible Preferred Stock held in the Plan was converted by the Plan trustee into eight shares of Sara Lee common stock.

Remarks:

	/s/ Helen N. Kaminski For Robert S. Kopriva pursuant to power of attorney previously filed.	12/11/2003
	** 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.
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