GENERAL MILLS INC — Director's Dealing 2012

Jul 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL MILLS INC (GIS)
CIK: 0000040704
Period of Report: 2012-07-05

Reporting Person: Friendly Ian R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-05	Common Stock	M	32000	$21.93	Acquired	312393.16	Direct
2012-07-05	Common Stock	S	32000	$38.9785	Disposed	280393.16	Direct
2012-07-05	Common Stock	M	32000	$21.93	Acquired	312393.16	Direct
2012-07-05	Common Stock	S	32000	$38.9785	Disposed	280393.16	Direct
2012-07-05	Common Stock	M	15000	$23.055	Acquired	295393.16	Direct
2012-07-05	Common Stock	S	15000	$38.9785	Disposed	280393.16	Direct
2012-07-05	Common Stock	M	15000	$23.055	Acquired	295393.16	Direct
2012-07-05	Common Stock	S	15000	$38.9785	Disposed	280393.16	Direct
2012-07-05	Common Stock	M	15000	$23.055	Acquired	295393.16	Direct
2012-07-05	Common Stock	S	11187	$38.9785	Disposed	284206.16	Direct
2012-07-05	Common Stock	M	15000	$23.055	Acquired	299206.16	Direct
2012-07-05	Common Stock	S	11027	$38.9785	Disposed	288179.16	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-05	Non-Qualified Stock Option (right to buy)	$21.93	M	32000	Disposed	2013-01-16	Common Stock (32000)	Direct
2012-07-05	Non-Qualified Stock Option (right to buy)	$21.93	M	32000	Disposed	2013-01-16	Common Stock (32000)	Direct
2012-07-05	Non-Qualified Stock Option (right to buy)	$23.055	M	15000	Disposed	2014-01-15	Common Stock (15000)	Direct
2012-07-05	Non-Qualified Stock Option (right to buy)	$23.055	M	15000	Disposed	2014-01-15	Common Stock (15000)	Direct
2012-07-05	Non-Qualified Stock Option (right to buy)	$23.055	M	15000	Disposed	2014-01-15	Common Stock (15000)	Direct
2012-07-05	Non-Qualified Stock Option (right to buy)	$23.055	M	15000	Disposed	2014-01-15	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	752	Indirect
Common Stock	752	Indirect
Common Stock	752	Indirect
Common Stock	13186	Indirect
Common Stock	8288	Indirect
Common Stock	7950	Indirect

Footnotes

F1: Shares were sold pursuant to a 10b5-1 trading plan dated April 4, 2012.

F2: Represents the weighted average of actual sale prices that range from $38.88 to $39.0501. Full information regarding the number of shares sold at each separate price is available upon request of the Securities and Exchange Commission or any security holder of the company.

F3: Shares held in irrevocable trust for the benefit of reporting person's child(ren).

F4: Held in Trust by the Trustee of the General Mills Savings Plan.

F5: Held in Trust for which the reporting person's spouse is a trustee and the reporting person's spouse and children are beneficiaries.

F6: Grantor Retained Annuity Trust for which reporting person serves as trustee and exercises investment and voting control.