SEC Form 4 · accession 0001127602-16-059035
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Delaney
Officer — SVP, Corporate Controller & CA
Period of report
Feb 9, 2016
Accepted (ET)
Aug 1, 2016 · 3:20 pm EDT
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 StockF1 | Mar 5, 2016 | M | 646 | — | A | 646 | D | |
| Common StockF2 | Mar 5, 2016 | A | 1,251 | — | A | 1,897 | D | |
| Common Stock | Mar 5, 2016 | F | 697 | $25.81 | D | 1,200 | D | |
| Common Stock | Jul 28, 2016 | S | 658 | $33.40 | D | 542 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4 | — | Feb 9, 2016 | A | 2,978 | A | — | — | Common Stock | 2,978 | 4,635 | D |
| Restricted Stock UnitsF1 | — | Mar 5, 2016 | M | 646 | D | — | — | Common Stock | 646 | 3,989 | D |
Explanation of responses
- F1Restricted stock units that have vested and converted into common stock on a one-for-one basis. Restricted stock units vest over three years in equal annual installments.
- F2Performance stock units that have vested and are settled in common stock as a result of the achievement of all or partial financial target.
- F3The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2016.
- F4Restricted stock units convert into common stock on a one-for-one basis. Restricted stock units vest over three years in equal annual installments beginning with the first anniversary of the grant date.