SEC Form 4 · accession 0000899243-19-004113
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
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 shareF1,F2 | Feb 15, 2019 | A | 774 | $40.37 | A | 6,667,385 | I | See Remarks |
Table II — derivative securities
Explanation of responses
- F1On February 15, 2019, Daniel S. Loeb was granted 774 shares as quarterly director compensation which are held directly by Mr. Loeb. As a director, Mr. Loeb was entitled to $31,250 in compensation and elected to receive such compensation in the form of shares. The shares were granted at a price equal to $40.37, the closing price of the Issuer's shares on the business day prior to the award.
- F2Other than the 5,781 shares granted as quarterly director compensation to Mr. Loeb in the aggregate since August 15, 2016 which are held directly by Mr. Loeb as reported above, the remainder of the securities reported in this Form 4 are held indirectly as described in the remarks below.
Remarks
Other than the securities granted to Daniel S. Loeb as quarterly director compensation on and since August 15, 2016, 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.