SEC Form 4 · accession 0001140361-15-044670
SOTHEBYS · BID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jr. Thomas S. Smith
Director
Period of report
Dec 15, 2015
Accepted (ET)
Dec 15, 2015 · 5:50 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Dec 15, 2015 | A | 178 | A | — | — | Common Stock | 178 | 47,485 | D |
Explanation of responses
- F1Restricted Stock Units will be settled, on a one-for-one basis, into shares of the Company'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.
- F2Acquired pursuant to the dividend reinvestment feature of the Restricted Stock Unit Award.