SEC Form 4 · accession 0001209191-15-025283
AVON PRODUCTS INC · AVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Scully
Officer — Executive Vice President & CFO
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 5:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008868
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,F2,F3 | — | Mar 9, 2015 | A | 489,596 | A | — | — | Common Stock | 489,596 | 489,596 | D |
Explanation of responses
- F1Relates to Mr. Scully's sign-on award as previously disclosed on Avon Products, Inc.'s Current Report on Form 8-K filed on January 28, 2015. Mr. Scully has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Avon Products, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
- F2Units correspond 1-for-1 with common stock.
- F3163,199 RSUs vest on each of March 9, 2016 and March 9, 2017 and 163,198 RSUs vest on March 9, 2018.