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GENERAL MILLS INC Director's Dealing 2003

Dec 17, 2003

30191_dirs_2003-12-17_8b0684c9-3337-4ae4-8a9d-c9ccadf1a3b8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2003-12-15

Reporting Person: PEEL MICHAEL A (Senior Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-12-11 COMMON STOCK G 385 Disposed 130679 Direct
2003-12-15 COMMON STOCK F 8860 $46.1050 Disposed 121819 Direct
2003-12-15 RESTRICTED UNITS A 5860 Acquired 127679 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-12-15 OPTION TO BUY $46.1050 A 70313 Acquired 2014-01-15 COMMON STOCK (70313) Direct

Holdings (Non-Derivative)

Security Shares Ownership
COMMON STOCK 3678 Indirect
COMMON STOCK 40 Indirect
COMMON STOCK 2830 Indirect
COMMON STOCK 2830 Indirect

Footnotes

F1: Restricted stock unit award granted under the General Mills 2003 Stock Compensation Plan by the Compensation Committee of the Board of Directors of General Mills - no set value.

F2: Held in Trust by the Trustee of the General Mills Savings Plan.

F3: This option becomes 100% exercisable four (4) years from date of grant.

F4: Employee option (right to buy) granted by the Compensation Committee of Board of Directors of General Mills, Inc. under shareholder-approved stock option plans.

F5: Shares were gifted.

F6: By Spouse.

F7: Shares held in irrevocable trust for the benefit of reporting person's son.