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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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*
DEKOOL L M THEO

(Last) (First) (Middle)
THREE FIRST NATIONAL PLAZA
70 W. MADISON STREET

(Street)
CHICAGO IL 60602-4260

(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)
Executive Vice President, CFO
3. Date of Earliest Transaction (Month/Day/Year)
12/09/2004
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)
Code V Amount (A) or (D) Price
common stock 12/09/2004 M 12,340 A $18.925 191,576 D
common stock 12/09/2004 M 11,515 A $18.925 203,091 D
common stock 12/09/2004 M 6,356 A $20.355 209,447 D
common stock 12/09/2004 M 5,681 A $20.355 215,128 D
common stock 12/09/2004 M 1,735 A $20.355 216,863 D
common stock 12/09/2004 M 7,155 A $20.355 224,018 D
common stock 12/09/2004 F 41,123 D $23.325 182,895(1) D
common stock 504 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
employee stock option (right to buy) $18.925 12/09/2004 M 12,340 12/12/2003 04/27/2010 common stock 12,340 $0.00 0 D
employee stock option (right to buy) $18.925 12/09/2004 M 11,515 12/12/2003 04/27/2010 common stock 11,515 $0.00 0 D
employee stock option (right to buy) $20.355 12/09/2004 M 6,356 07/23/2004 06/29/2010 common stock 6,356 $0.00 0 D
employee stock option (right to buy) $20.355 12/09/2004 M 5,681 07/23/2004 04/27/2010 common stock 5,681 $0.00 0 D
employee stock option (right to buy) $20.355 12/09/2004 M 1,735 07/23/2004 06/29/2010 common stock 1,735 $0.00 0 D
employee stock option (right to buy) $20.355 12/09/2004 M 7,155 07/23/2004 08/29/2012 common stock 7,155 $0.00 7,260 D
employee stock option (right to buy) $23.325 12/09/2004 A 10,406 06/09/2005 04/27/2010 common stock 10,406 $0.00 10,406 D
employee stock option (right to buy) $23.325 12/09/2004 A 11,151 06/09/2005 04/27/2010 common stock 11,151 $0.00 11,151 D
employee stock option (right to buy) $23.325 12/09/2004 A 5,310 06/09/2005 04/27/2010 common stock 5,310 $0.00 5,310 D
employee stock option (right to buy) $23.325 12/09/2004 A 5,943 06/09/2005 06/29/2010 common stock 5,943 $0.00 5,943 D
employee stock option (right to buy) $23.325 12/09/2004 A 6,689 06/09/2005 08/29/2012 common stock 6,689 $0.00 6,689 D
employee stock option (right to buy) $23.325 12/09/2004 A 1,624 06/09/2005 06/29/2010 common stock 1,624 $0.00 1,624 D
Explanation of Responses:
1. Includes 102 shares acquired as a participant in Sara Lee Corporation's dividend reinvestment plan and 19 shares acquired as a participant in the Sara Lee Corporation employee stock purchase plan.
Remarks:
/s/ Helen N. Kaminski For L.M. (Theo) de Kool pursuant to power of attorney previously filed. 12/10/2004
** 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.
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.