SEC Form 4 · accession 0001127602-17-010564
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Delaney
Officer — SVP, Corp. Controller & CAO
Period of report
Mar 5, 2017
Accepted (ET)
Mar 7, 2017 · 4:07 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 StockF1 | Mar 5, 2017 | A | 1,212 | — | A | 1,212 | D | |
| Common StockF2 | Mar 5, 2017 | M | 1,638 | — | A | 2,850 | D | |
| Common Stock | Mar 5, 2017 | F | 1,044 | $48.20 | D | 1,806 | D | |
| Common Stock | Mar 7, 2017 | S | 1,806 | $48.04 | D | 0 | 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 UnitsF2 | — | Mar 5, 2017 | M | 1,638 | D | — | — | Common Stock | 1,638 | 4,126 | D |
Explanation of responses
- F1Performance stock units that have vested and are settled in common stock as a result of the achievement of all or partial financial target.
- F2Restricted 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.