SEC Form 4 · accession 0001209191-17-024451
AVON PRODUCTS INC · AVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jose Armario
Director
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 12:03 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F3,F2 | — | Mar 31, 2017 | A | 4,328 | A | — | — | Common Stock | 4,328 | 4,328 | D |
Explanation of responses
- F1Under the Board of Directors of Avon Products, Inc. Deferred Compensation Plan (the "Plan") directors may defer receipt of quarterly fees into a cash account or an Avon stock unit account. All amounts deferred are paid in cash upon termination of services as a director.
- F2Units correspond 1-for-1 with common stock.
- F3Pursuant to the Plan, the number of stock units credited quarterly is determined by dividing deferred quarterly fees by the average closing price of Avon stock during the last 10 trading days of such quarter.