X0201 4 2004-03-31 0 0000319256 SEARS ROEBUCK & CO S 0001200233 LEE GREG 3333 BEVERLY ROAD HOFFMAN ESTATES IL 60179 0 1 0 0 Senior Vice President Common Share Units 2004-03-31 2004-03-31 4 A 0 23.4716 42.96 A Common Shares 23.4716 689.1044 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. By: \s\ James G. Keane as Attorney-in-Fact 2004-04-02