SEC Form 4 · accession 0001209191-17-022139
AVON PRODUCTS INC · AVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Benjamin
Officer — Senior Vice President
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 7:52 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 17, 2017 | A | 93,333 | A | — | — | Common Stock | 93,333 | 93,333 | D |
| Stock Option (Right to Buy)F4,F5 | $5.54 | Mar 17, 2017 | A | 233,333 | A | — | Mar 17, 2027 | Common Stock | 233,333 | 233,333 | D |
Explanation of responses
- F1The reporting person 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.
- F3100% of the restricted stock units are scheduled to vest on 3/17/2020.
- F4The exercise price of this premium-priced stock option is equal to 125% of the closing price of Avon's common stock on the date of grant.
- F5This option vests in three equal annual installments beginning on 03/17/2018.