SEC Form 4/A · accession 0001209191-17-049848
AVON PRODUCTS INC · AVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Calero Miguel Angel Fernandez
Officer — Executive Vice President
Period of report
Aug 21, 2017
Accepted (ET)
Aug 22, 2017 · 5:20 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,F3,F2,F4 | — | Aug 21, 2017 | A | 120,033 | A | — | — | Common Stock | 120,033 | 120,033 | D |
| Stock Option (Right To Buy)F3,F5,F6 | $3.30 | Aug 21, 2017 | A | 300,083 | A | — | Aug 21, 2027 | Common Stock | 300,083 | 300,083 | 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.
- F3The original Form 4 was filed prematurely as the Reporting Person's commencement date was delayed for administrative reasons beyond his control. The grants reported in this form were, therefore, delayed and now reflect the actual grant date.
- F4100% of the restricted stock units are scheduled to vest on 8/21/2020.
- F5The 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.
- F6This option vests in three equal annual installments beginning on 08/21/2018.