Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Janssen Vincent HAM
2. Date of Event Requiring Statement (Month/Day/Year)
07/18/2007
3. Issuer Name and Ticker or Trading Symbol
Sara Lee Corp [SLE]
(Last)
(First)
(Middle)
C/O SARA LEE INTERNATIONAL, VLEUTENSEVAART 100
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

3532 AD UTRECHT, P7 0000
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
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)
Common Stock 25,000
D
 
Common Stock 72,630 (1) (2) (3)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 of Derivative Security: 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) 08/26/2009 Common Stock 33,976 $ 19.5044 D  
employee stock option (right to buy)   (4) 04/27/2010 Common Stock 15,108 $ 18.7457 D  
employee stock option (right to buy)   (4) 08/30/2011 Common Stock 37,171 $ 18.8318 D  
employee stock option (right to buy)   (4) 08/29/2012 Common Stock 18,585 $ 15.9607 D  
employee stock option (right to buy)   (4) 01/30/2013 Common Stock 3,252 $ 16.7054 D  
employee stock option (right to buy)   (4) 01/30/2013 Common Stock 1,394 $ 16.7054 D  
employee stock option (right to buy)   (4) 06/10/2008 Common Stock 8,363 $ 21.1045 D  
employee stock option (right to buy)   (4) 06/10/2008 Common Stock 19,514 $ 21.1045 D  
employee stock option (right to buy)   (4) 06/16/2008 Common Stock 3,557 $ 21.1045 D  
employee stock option (right to buy)   (4) 06/16/2008 Common Stock 1,524 $ 21.1045 D  
employee stock option (right to buy)   (4) 08/27/2013 Common Stock 4,878 $ 20.687 D  
employee stock option (right to buy)   (4) 08/27/2013 Common Stock 2,090 $ 20.687 D  
employee stock option (right to buy)   (4) 01/27/2010 Common Stock 10,549 $ 19.8605 D  
employee stock option (right to buy)   (4) 06/29/2010 Common Stock 207 $ 19.8605 D  
employee stock option (right to buy)   (4) 06/29/2010 Common Stock 5,354 $ 19.8605 D  
employee stock option (right to buy) 08/25/2006(5) 08/25/2015 Common Stock 56,593 $ 16.8216 D  
employee stock option (right to buy) 08/25/2006(5) 08/25/2015 Common Stock 24,255 $ 16.8216 D  
employee stock option (right to buy) 08/31/2009(6) 08/31/2016 Common Stock 68,575 $ 14.3165 D  
employee stock option (right to buy) 08/31/2009(6) 08/31/2016 Common Stock 29,390 $ 14.3165 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Janssen Vincent HAM
C/O SARA LEE INTERNATIONAL
VLEUTENSEVAART 100
3532 AD UTRECHT, P7 0000
      Senior Vice President  

Signatures

/s/ Helen N. Kaminski For Vincent HAM Janssen pursuant to power of attorney filed herewith. 07/26/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 22,845 restricted stock units ("RSUs") that vest in three equal installments pro rata over the three years following the date of grant, subject to continued employment with Sara Lee. Upon vesting, each RSU is convertible into shares of common stock on a one-for-one basis.
(2) Includes 28,813 RSUs that may be settled only for shares of common stock. 50% of the RSU will vest on August 31, 2009, subject to the reporting person's continued employment with Sara Lee through that date. The remaining 50% of the RSU will vest on August 31, 2009 if and to the extent certain predetermined performance targets have been achieved. Depending upon the performance achieved, the reporting person could receive up to 150% of the total shares covered by the RSU. Performance targets relate to the cumulative growth in Sara Lee's diluted EPS relative to its peers.
(3) Includes 20,972 RSUs that may be settled only for shares of common stock on a one-for-one basis. RSUs vest in full on August 31, 2007 to the extent predetermined performance targets have been achieved.
(4) Option is fully vested and immediately exercisable as of the date of this filing. Employee stock options generally vest in three equal annual installments and expire ten years after the date of grant.
(5) Option will vest in three equal annual installments beginning on August 25, 2006, subject to continued employment with Sara Lee, and expire ten years after the date of grant.
(6) Option vests in full on August 31, 2009, subject to the reporting person?s continued employment with Sara Lee through that date.

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