GENERAL MILLS INC — Director's Dealing 2008

Jun 26, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2008-06-23

Reporting Person: PEEL MICHAEL A (EVP, HR & Business Svcs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-23	Common Stock	A	61.0503	—	Acquired	250873.0503	Direct
2008-06-23	Common Stock	A	91.2300	—	Acquired	250964.2803	Direct
2008-06-23	Common Stock	A	5442	—	Acquired	256406.2803	Direct
2008-06-23	Common Stock	A	1760	—	Acquired	258166.2803	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-23	Non-Qualified Stock Option (right to buy)	$63.40	A	54420	Acquired	2018-07-23	Common Stock (54420)	Direct
2008-06-23	Restricted Stock Units	$0	A	5442	Acquired	2012-06-23	Common Stock (5442)	Direct
2008-06-23	Restricted Stock Units	$0	A	1760	Acquired	2012-06-23	Common Stock (1760)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4848	Indirect
Common Stock	4848	Indirect
Common Stock	40	Indirect
Common Stock	4977	Indirect

Footnotes

F1: Award of restricted stock units that vest on June 23, 2012.

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

F3: Each restricted stock unit is the economic equivilent of one share of General Mills, Inc. common stock.