BLAKENHAM MICHAEL 4
4 · SOTHEBYS · Filed May 16, 2011
Insider Transaction Report
Form 4
SOTHEBYSBID
BLAKENHAM MICHAEL
Director
Transactions
- Award
Deferred Stock Units
2011-05-15+447→ 28,667 total→ Common Stock (447 underlying)
Footnotes (3)
- [F1]One for One
- [F2]The deferred stock units were accrued under the Sotheby's 1998 Stock Compensation Plan for Non-Employee Directors (as amended and restated, the "Plan") as a result of a partial or full deferral election with respect to stock compensation paid under the Plan. These units will be settled 100% in Sotheby's Common Stock (except that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Sotheby's Board.
- [F3]Not Applicable