Wolf Michael J 4
4 · SOTHEBYS · Filed Oct 4, 2019
Insider Transaction Report
Form 4
SOTHEBYSBID
Wolf Michael J
Director
Transactions
- Disposition to Issuer
Deferred Stock Units
2019-10-03$57.00/sh−1,380$78,660→ 0 total→ Common Stock (1,380 underlying)
Footnotes (1)
- [F1]Each Deferred Stock Unit represented the right to receive one share of Common Stock under the Company's Stock Compensation Plan for Non-Employee Directors. Pursuant to the Agreement and Plan of Merger dated as of June 16, 2019, by and among BidFair USA Inc. (formerly a limited liability company known as BidFair USA LLC), BidFair MergeRight, Inc. and the Issuer (the "Merger Agreement"), at the effective time of the merger, the Deferred Stock Units held by the reporting person were canceled and converted into the right to receive an amount in cash equal to the product of (x) the total number of shares of Common Stock underlying such Deferred Stock Units and (y) $57 in cash.