SEC Form 4 · accession 0000899243-16-013645
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 9:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000823094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share ("Common Stock") | Feb 15, 2016 | A | 925 | $20.26 | A | 6,650,925 | I | See Remarks |
| Common StockF3 | Feb 17, 2016 | G | 925 | $0.00 | D | 6,650,925 | I | See Remarks |
| Common StockF4 | Feb 17, 2016 | G | 925 | $0.00 | A | 6,650,925 | I | See Remarks |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 15, 2016, Daniel S. Loeb was granted 925 shares as quarterly director compensation. As a director Mr. Loeb was entitled to receive $18,750 in compensation and elected to receive such consideration in the form of shares. The shares were granted at a price equal to $20.26, the closing price of the Issuer's shares on the business day prior to the award.
- F2On February 17, 2016, Daniel S. Loeb contributed as a gift the 925 shares referred to in Footnote 1 to the Funds. No consideration was received by Mr. Loeb in connection with such gift.
- F3The disposition relates to Mr. Loeb's disposition of the shares in connection with the gift described in Footnote 2.
- F4The acquisition relates to the acquisition of the shares by the Funds in connection with the gift described in Footnote 2.
Remarks
The securities disclosed in this Form 4 are owned by certain funds (the "Funds") managed by Third Point LLC ("Third Point"). Daniel S. Loeb is the Chief Executive Officer of Third Point. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, Third Point and Mr. Loeb may be deemed to be the beneficial owners of the securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein.