SEC Form 4 · accession 0001127602-18-034650
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jr. Thomas S. Smith
Officer — President and CEO · Director
Period of report
Nov 28, 2018
Accepted (ET)
Nov 29, 2018 · 12:09 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 | Nov 28, 2018 | G | 15,250 | $0.00 | D | 119,725 | D | |
| Common StockF2 | Nov 28, 2018 | P | 15,250 | $40.9584 | A | 134,975 | D | |
| Common Stock | holding | — | — | — | 11,130 | I | By wife as UTMA custodian for son | |
| Common Stock | holding | — | — | — | 5,610 | I | By wife as UTMA custodian for daughter |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person made a charitable gift of 15,250 shares of Sotheby's common stock, and then purchased the same number of shares in the open market on the same day so as to retain his prior overall level of investment in the Company.
- F2The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $40.73 to $41.11, inclusive. If requested, the Reporting Person will supply the SEC, the Issuer or a security holder of the Issuer full details regarding the number of shares bought at each price.