Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
LAMPERT EDWARD S
  2. Issuer Name and Ticker or Trading Symbol
SEARS HOLDINGS CORP [SHLD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
200 GREENWICH AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2010
(Street)

GREENWICH, CT 06830
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 05/25/2010   J(1)   5,814 (1) A (1) 51,344,447 I See Footnotes (2) (8)
Common Stock, par value $0.01 per share 05/25/2010   J(1)   1,820 (1) A (1) 10,061,060 I See Footnotes (3) (8)
Common Stock, par value $0.01 per share               10,230 I See Footnotes (4) (8)
Common Stock, par value $0.01 per share               747 I See Footnotes (5) (8)
Common Stock, par value $0.01 per share               79,150 I See Footnotes (6) (8)
Common Stock, par value $0.01 per share               3,825,147 D (7) (8)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAMPERT EDWARD S
200 GREENWICH AVENUE
GREENWICH, CT 06830
  X   X    
ESL INVESTMENTS INC
200 GREENWICH AVENUE
GREENWICH, CT 06830
  X   X    
RBS PARTNERS L P /CT
ONE LAFAYETTE PLACE
GREENWICH, CT 06830
  X   X    
ESL PARTNERS, L.P.
200 GREENWICH AVENUE
GREENWICH, CT 06830
  X   X    
ESL INVESTORS LLC
200 GREENWICH AVE
GREENWICH, CT 06830
  X   X    

Signatures

 /s/ Edward S. Lampert   10/16/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) These shares of common stock, par value $0.01 per share ("Shares"), of Sears Holding Corporation (the "Issuer") were distributed by the Issuer on account of previously reported trade vendor/lease rejection claims (and participations in such claims) held with respect to Kmart Corporation. Pursuant to Kmart Corporation's Plan of Reorganization, ESL Partners, L.P. ("Partners") and an account established by the investment member of ESL Investors, L.L.C. ("Investors")(or one or more of their affiliates) have in the past received shares of common stock of Kmart Holding Corporation (the predecessor to the Issuer) and Shares of the Issuer. Partners and an account established by the investment member of Investors (or one or more of their affiliates) may in the future receive Shares on account of these same trade vendor/lease rejection claims as all trade vendor/lease rejection claims held by all persons continue to be reconciled.
(2) These Shares are held by Partners.
(3) These Shares are held in an account established by the investment member of Investors.
(4) These Shares are held by ESL Institutional Partners, L.P. ("Institutional").
(5) These Shares are held by CRK Partners, LLC ("CRK").
(6) These Shares are held in a grantor retained annuity trust, of which Edward S. Lampert is the trustee.
(7) These Shares are held by Mr. Lampert.
(8) This Form 4 is filed on behalf of Mr. Lampert, ESL Investments, Inc.("Investments"), RBS Partners, L.P. ("RBS"), Partners and Investors. RBS is the general partner of Partners and the managing member of Investors. RBS Investment Management, L.L.C. ("RBSIM") is the general partner of Institutional. Investments is the general partner of RBS, the sole member of CRK and the manager of RBSIM. Mr. Lampert is the Chairman, Chief Executive Officer and Director of Investments.
 
Remarks:
Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.

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