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LEAR CORP
                   Reported by
              MALLETT CONRAD L JR




                                    FORM 4
              (Statement of Changes in Beneficial Ownership)




Filed 02/03/09 for the Period Ending 01/31/09


  Address          21557 TELEGRAPH ROAD
                   SOUTHFIELD, MI 48033
Telephone          2484471500
        CIK        0000842162
    Symbol         LEA
 SIC Code          3714 - Motor Vehicle Parts and Accessories
   Industry        Auto & Truck Parts
     Sector        Consumer Cyclical
Fiscal Year        12/31




                                     http://www.edgar-online.com
                     © Copyright 2009, EDGAR Online, Inc. All Rights Reserved.
      Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.
OMB APPROVAL
                                                     UNITED STATES SECURITIES AND EXCHANGE
FORM 4                                                                                                                                                             OMB Number: 3235-0287
                                                                  COMMISSION
                                                                                                                                                                   Expires: February 28, 2011
                                                               Washington, D.C. 20549
[ ] Check this box if no                                                                                                                                           Estimated average burden
longer subject to Section 16.                                                                                                                                      hours per response... 0.5
Form 4 or Form 5
                                          STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may continue.
                                                         OF SECURITIES
See Instruction 1(b).

                                        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(f) of the
                                                           Investment Company Act of 1940

                                                                     2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
1. Name and Address of Reporting Person *
                                                                                                                 (Check all applicable)
                                                                     LEAR CORP [ LEA ]
MALLETT CONRAD L JR
                                                                                                                                      __ X __ Director                              _____ 10% Owner
                                                                     3. Date of Earliest Transaction (MM/DD/YYYY)
           (Last)           (First)         (Middle)
                                                                                                                                      _____ Officer (give title below)          _____ Other (specify
                                                                                                                                      below)
                                                                                            1/31/2009
21557 TELEGRAPH ROAD
                             (Street)                                4. If Amendment, Date Original Filed                             6. Individual or Joint/Group Filing (Check
                                                                     (MM/DD/YYYY)                                                     Applicable Line)

SOUTHFIELD, MI 48033
                                                                                                                                      _ X _ Form filed by One Reporting Person
               (City)         (State)       (Zip)                                                                                     ___ Form filed by More than One Reporting Person


                                        Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security                                            2. Trans.    2A.       3. Trans. 4. Securities Acquired (A) 5. Amount of Securities Beneficially Owned               6.            7. Nature
(Instr. 3)                                                     Date         Deemed Code          or Disposed of (D)        Following Reported Transaction(s)                        Ownership     of Indirect
                                                                            Execution (Instr. 8) (Instr. 3, 4 and 5)       (Instr. 3 and 4)                                         Form:         Beneficial
                                                                            Date, if                                                                                                Direct (D)    Ownership
                                                                            any                                (A)                                                                  or Indirect   (Instr. 4)
                                                                                                                or                                                                  (I) (Instr.
                                                                                       Code V Amount (D) Price                                                                      4)
                                                               1/31/2009                           1565.8033
                                                                                        M (1)                  A $0.00 (1)
Common Stock                                                                                                                                    1565.8033                               D

                                                               1/31/2009                           1565.8033
                                                                                        D (1)
Common Stock                                                                                                   D    $1.005                           0                                  D


                    Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate    2.          3. Trans.     3A.         4.        5. Number of               6. Date Exercisable       7. Title and Amount     8. Price of   9. Number        10.           11. Nature
Security                Conversion Date           Deemed      Trans.    Derivative Securities      and Expiration Date       of Securities           Derivative    of               Ownership     of Indirect
(Instr. 3)              or Exercise               Execution   Code      Acquired (A) or                                      Underlying Derivative   Security      derivative       Form of       Beneficial
                        Price of                  Date, if    (Instr.   Disposed of (D)                                      Security                (Instr. 5)    Securities       Derivative    Ownership
                        Derivative                any         8)        (Instr. 3, 4 and 5)                                  (Instr. 3 and 4)                      Beneficially     Security:     (Instr. 4)
                        Security                                                                                                                                   Owned            Direct (D)
                                                                                                                                                                   Following        or Indirect
                                                                                                                                       Amount or                   Reported         (I) (Instr.
                                                                                                   Date        Expiration
                                                                                                                          Title        Number of                   Transaction      4)
                                                                                                   Exercisable Date
                                                                                                                                       Shares
                                                              Code V          (A)         (D)                                                                      (s) (Instr. 4)
2009 Restricted                       1/31/2009                         89552.2388                                           Common 89552.2388                     89552.2388
                             (2)                                                                       (3)         (3)
                                                               A                                                                                         $0.00                          D
Units                                                                                                                         Stock
                                                               M
2008 Restricted                       1/31/2009                                        1067.4257                             Common
                             (2)                                                                       (4)         (4)              1067.4257            $0.00     2134.8514            D
                                                               (1)
Units                                                                                                                         Stock
                                                               M
2007 Restricted                       1/31/2009                                        886.7869                              Common
                             (2)                                                                       (5)         (5)              886.7869             $0.00      886.7869            D
                                                               (1)
Units                                                                                                                         Stock
                                                               M
2006 Restricted                       1/31/2009                                        1177.394                              Common
                             (2)                                                                       (6)         (6)              1177.394             $0.00          0               D
                                                               (1)
Units                                                                                                                         Stock
                                                               M
Deferred Stock                        1/31/2009                            1565.8033                                         Common
                             (7)                                                                       (8)         (8)              1565.8033         $1.005       6708.3671            D
                                                               (1)
Units                                                                                                                         Stock
Deferred Stock                        1/31/2009                            2798.5075                                         Common
                             (7)                                                                       (8)         (8)
                                                               A                                                                    2798.5075         $1.005       9506.8746            D
Units                                                                                                                         Stock


Explanation of Responses:
( 1)
       Pursuant to deferral elections, Mr. Mallett's deferred stock unit account is credited at the time of vesting of the 2006 Restricted Units,
       2007 Restricted Units and 2008 Restricted Units as to one-half of the vested units and his interest account is credited with the other one-
       half. The third tranche of the 2006 Restricted Units, the second tranche of the 2007 Restricted Units and the first tranche of the 2008
Restricted Units vested on January 31, 2009 and were converted into 1565.8033 deferred stock units, with 1565.8033 units being quot;cashed
     outquot; and deferred into an interest bearing account, at such time.
( 2) Each restricted unit is equal in value to one share of Lear Corporation common stock.
( 3) The 2009 Restricted Units were granted on January 31, 2009 under the Lear Corporation Outside Directors Plan and generally vest and
     settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer
     100% of amounts payable upon vesting of the 2009 Restricted Units, with 50% of such amounts credited to his deferred stock unit
     account and 50% of such amounts credited to his interest earing account on each such vesting date.
( 4) The 2008 Restricted Units were granted on January 31, 2008 under the Lear Corporation Outside Directors Plan and generally vest and
     settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer
     100% of amounts payable upon vesting of the 2008 Restricted Units, with 50% of such amounts credited to his deferred stock unit
     account and 50% of such amounts credited to his interest bearing account on each such vesting date.
( 5) The 2007 Restricted Units were granted on January 31, 2007 under the Lear Corporation Outside Directors Plan and generally vest and
     settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer
     100% of amounts payable upon vesting of the 2007 Restricted Units, with 50% of such amounts credited to his deferred stock unit
     account and 50% of such amounts credited to his interest bearing account on each such vesting date.
( 6) The 2006 Restricted Units were granted on January 31, 2006 under the Lear Corporation Outside Directors Plan and generally vest and
     settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer
     100% of amounts payable upon vesting of the 2006 Restricted Units, with 50% of such amounts credited to his deferred stock unit
     account and 50% of such amounts credited to his interest bearing account on each such vesting date.
( 7) Each stock unit is equal in value to one share of Lear Corporation common stock
( 8) The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election
     (with respect to the director's cash retainer, meeting fees and/or restricted unit grants) and are generally to be paid out in cash upon the
     earlier of either Mr. Mallett's retirement as a director of Lear Corporation or a change in control of Lear Corporation.

Reporting Owners
                                                    Relationships
Reporting Owner Name / Address
                                          Director 10% Owner Officer Other
MALLETT CONRAD L JR
21557 TELEGRAPH ROAD                         X
SOUTHFIELD, MI 48033

Signatures
/s/ Karen Rosbury as attorney-in-fact                     2/3/2009
                                                             Date
       ** Signature of Reporting Person



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 control number.

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lear SEC Filings 19

  • 1. LEAR CORP Reported by MALLETT CONRAD L JR FORM 4 (Statement of Changes in Beneficial Ownership) Filed 02/03/09 for the Period Ending 01/31/09 Address 21557 TELEGRAPH ROAD SOUTHFIELD, MI 48033 Telephone 2484471500 CIK 0000842162 Symbol LEA SIC Code 3714 - Motor Vehicle Parts and Accessories Industry Auto & Truck Parts Sector Consumer Cyclical Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2009, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use.
  • 2. OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE FORM 4 OMB Number: 3235-0287 COMMISSION Expires: February 28, 2011 Washington, D.C. 20549 [ ] Check this box if no Estimated average burden longer subject to Section 16. hours per response... 0.5 Form 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP obligations may continue. OF SECURITIES See Instruction 1(b). 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(f) of the Investment Company Act of 1940 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer 1. Name and Address of Reporting Person * (Check all applicable) LEAR CORP [ LEA ] MALLETT CONRAD L JR __ X __ Director _____ 10% Owner 3. Date of Earliest Transaction (MM/DD/YYYY) (Last) (First) (Middle) _____ Officer (give title below) _____ Other (specify below) 1/31/2009 21557 TELEGRAPH ROAD (Street) 4. If Amendment, Date Original Filed 6. Individual or Joint/Group Filing (Check (MM/DD/YYYY) Applicable Line) SOUTHFIELD, MI 48033 _ X _ Form filed by One Reporting Person (City) (State) (Zip) ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. Trans. 2A. 3. Trans. 4. Securities Acquired (A) 5. Amount of Securities Beneficially Owned 6. 7. Nature (Instr. 3) Date Deemed Code or Disposed of (D) Following Reported Transaction(s) Ownership of Indirect Execution (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) Form: Beneficial Date, if Direct (D) Ownership any (A) or Indirect (Instr. 4) or (I) (Instr. Code V Amount (D) Price 4) 1/31/2009 1565.8033 M (1) A $0.00 (1) Common Stock 1565.8033 D 1/31/2009 1565.8033 D (1) Common Stock D $1.005 0 D Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate 2. 3. Trans. 3A. 4. 5. Number of 6. Date Exercisable 7. Title and Amount 8. Price of 9. Number 10. 11. Nature Security Conversion Date Deemed Trans. Derivative Securities and Expiration Date of Securities Derivative of Ownership of Indirect (Instr. 3) or Exercise Execution Code Acquired (A) or Underlying Derivative Security derivative Form of Beneficial Price of Date, if (Instr. Disposed of (D) Security (Instr. 5) Securities Derivative Ownership Derivative any 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) Beneficially Security: (Instr. 4) Security Owned Direct (D) Following or Indirect Amount or Reported (I) (Instr. Date Expiration Title Number of Transaction 4) Exercisable Date Shares Code V (A) (D) (s) (Instr. 4) 2009 Restricted 1/31/2009 89552.2388 Common 89552.2388 89552.2388 (2) (3) (3) A $0.00 D Units Stock M 2008 Restricted 1/31/2009 1067.4257 Common (2) (4) (4) 1067.4257 $0.00 2134.8514 D (1) Units Stock M 2007 Restricted 1/31/2009 886.7869 Common (2) (5) (5) 886.7869 $0.00 886.7869 D (1) Units Stock M 2006 Restricted 1/31/2009 1177.394 Common (2) (6) (6) 1177.394 $0.00 0 D (1) Units Stock M Deferred Stock 1/31/2009 1565.8033 Common (7) (8) (8) 1565.8033 $1.005 6708.3671 D (1) Units Stock Deferred Stock 1/31/2009 2798.5075 Common (7) (8) (8) A 2798.5075 $1.005 9506.8746 D Units Stock Explanation of Responses: ( 1) Pursuant to deferral elections, Mr. Mallett's deferred stock unit account is credited at the time of vesting of the 2006 Restricted Units, 2007 Restricted Units and 2008 Restricted Units as to one-half of the vested units and his interest account is credited with the other one- half. The third tranche of the 2006 Restricted Units, the second tranche of the 2007 Restricted Units and the first tranche of the 2008
  • 3. Restricted Units vested on January 31, 2009 and were converted into 1565.8033 deferred stock units, with 1565.8033 units being quot;cashed outquot; and deferred into an interest bearing account, at such time. ( 2) Each restricted unit is equal in value to one share of Lear Corporation common stock. ( 3) The 2009 Restricted Units were granted on January 31, 2009 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer 100% of amounts payable upon vesting of the 2009 Restricted Units, with 50% of such amounts credited to his deferred stock unit account and 50% of such amounts credited to his interest earing account on each such vesting date. ( 4) The 2008 Restricted Units were granted on January 31, 2008 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer 100% of amounts payable upon vesting of the 2008 Restricted Units, with 50% of such amounts credited to his deferred stock unit account and 50% of such amounts credited to his interest bearing account on each such vesting date. ( 5) The 2007 Restricted Units were granted on January 31, 2007 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer 100% of amounts payable upon vesting of the 2007 Restricted Units, with 50% of such amounts credited to his deferred stock unit account and 50% of such amounts credited to his interest bearing account on each such vesting date. ( 6) The 2006 Restricted Units were granted on January 31, 2006 under the Lear Corporation Outside Directors Plan and generally vest and settle in cash ratably over a three-year period on each of the first three anniversaries of the grant date. Mr. Mallett has elected to defer 100% of amounts payable upon vesting of the 2006 Restricted Units, with 50% of such amounts credited to his deferred stock unit account and 50% of such amounts credited to his interest bearing account on each such vesting date. ( 7) Each stock unit is equal in value to one share of Lear Corporation common stock ( 8) The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election (with respect to the director's cash retainer, meeting fees and/or restricted unit grants) and are generally to be paid out in cash upon the earlier of either Mr. Mallett's retirement as a director of Lear Corporation or a change in control of Lear Corporation. Reporting Owners Relationships Reporting Owner Name / Address Director 10% Owner Officer Other MALLETT CONRAD L JR 21557 TELEGRAPH ROAD X SOUTHFIELD, MI 48033 Signatures /s/ Karen Rosbury as attorney-in-fact 2/3/2009 Date ** Signature of Reporting Person 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 control number.