SEC Form 4 · accession 0001209191-18-031087
AVON PRODUCTS INC · AVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lenard Tessler
Director
Period of report
May 16, 2018
Accepted (ET)
May 17, 2018 · 5:29 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2,F3 | — | May 16, 2018 | A | 66,584 | A | — | — | Common Stock | 66,584 | 66,584 | D |
Explanation of responses
- F1Phantom Stock granted as part of the Reporting Person's annual director retainer in lieu of restricted stock units typically granted under the Avon Products, Inc. Compensation Plan for Non-Employee Directors. Includes a pro-rata award of 5,414 Phantom Stock units for Mr. Tessler's service on the Board since March 2018.
- F2Each share of Phantom Stock corresponds 1-for-1 with common stock but is required to settle in cash.
- F3100% of the Phantom Stock vests on the date of the next annual meeting of shareholders.