UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 144 OMB APPROVAL
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SEC USE ONLY
NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. DOCUMENT SEQUENCE NO.
CUSIP NUMBER

812350106

1 (a) NAME OF ISSUER (Please type or print)

Sears Holding Corporation

(b) IRS IDENT. NO.

 20-1920798

(c) S.E.C. FILE NO.

0001310067   

WORK LOCATION
1 (d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE

3333 Beverly Road, Hoffman Estates, IL  60179

(e) TELEPHONE NO.
AREA CODE

847

NUMBER

286-2500

2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIESARE TO BE SOLD

Third Avenue Real Estate Value Fund

(b) IRS IDENT. NO.

13-4020795

(c) RELATIONSHIP TO ISSUER (d) ADDRESS STREET CITY

622 Third Avenue, 32nd Floor, New York

STATE ZIP CODE

NY  10017

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

3 (a) (b)

SEC USE ONLY (c) Number of Shares or Other Units To Be Sold (See instr. 3(c)) (d) Aggregate Market Value (See instr. 3(d)) (e) Number of Shares or Other Units Outstanding (See instr. 3(e)) (f) Approximate Date of Sale (See instr. 3(f)) (MO. DAY YR.) (g) Name of Each Securities Exchange (See instr. 3(g))
Title of the Class of Securities To Be Sold

Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities

Broker-Dealer File Number

Common Shares

M.J. Whitman LLC, 622 Third Avenue, 32nd Floor, New York, NY  10017.

22,951 $4,068,982

153,901,559 (as of 3rd Qtr 2006 10Q report filed on Edgar 11/25/06) 01/26/2007 Instinet and NASDAQ  

INSTRUCTIONS:
1. (a) Name of issuer 3. (a) Title of the class of securities to be sold
(b) Issuer's I.R.S. Identification Number (b) Name and address of each broker through whom the securities are intended to be sold
(c) Issuer's S.E.C. file number, if any (c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
(d) Issuer's address, including zip code (d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
(e) Issuer's telephone number, including area code (e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown
by the most recent report or statement published by the issuer
2. (a) Name of person for whose account the securities are to be sold (f) Approximate date on which the securities are to be sold
(b) Such person's I.R.S. identification number, if such person is an entity (g) Name of each securities exchange, if any, on which the securities are intended to be sold
(c) Such person's relationship to the issuer (e.g., officer, director, 10%
stockholder, or member of immediate family of any of the foregoing)
(d) Such person's address, including zip code

Potential persons who are to 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.

SEC 1147 (01-04)

TABLE I -SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefore:

Title of the Class Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired (If gift, also give date donor acquired) Amount of Securities Acquired Date of Payment

Nature of Payment

Common Stock, $0.01 par value 4/26/2005

Shares were acquired as a result of an exercised option.

Sears Holding Corporation 22,951 4/26/2005

Cash

INSTRUCTIONS: If the securities were purchased and full payment therefore was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II -SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller

Title of Securities Sold

Date of Sale Amount of Securities Sold

Gross Proceeds

Third Avenue Real Estate Value Fund

622 Third Avenue,

32nd Floor

New York, NY  10017.

Option exercise

01/18/2007 244,300

$37,855,565.49

REMARKS:

INSTRUCTIONS:

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

DATE OF NOTICE (SIGNATURE)

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC 1147 (01-04)