SEC Form 4 · accession 0001140361-15-024463
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jr. Thomas S. Smith
Director
Period of report
Jun 15, 2015
Accepted (ET)
Jun 16, 2015 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000823094
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF2,F1 | — | Jun 15, 2015 | A | 101 | A | — | — | Common Stock | 101 | 47,171 | D |
Explanation of responses
- F1Dividend Equivalent Restricted Stock Units that have accrued on the 47,070 Restricted Stock Units Mr. Smith received under his Employment Agreement. The Restricted Stock Units and the Dividend Equivalent Restricted Stock Units will be settled 100% in Sotheby's Common Stock (except that fractional shares, if any, will be settled in cash) in approximately three equal installments on each of the third, fourth and fifth anniversaries of Mr. Smith's employment or, if earlier, within 30 days following Mr. Smith's death or six months and one day after the date his employment terminates for any reason.
- F2Not Applicable