BLAKENHAM MICHAEL 4
4 · SOTHEBYS · Filed Dec 16, 2011
Insider Transaction Report
Form 4
SOTHEBYSBID
BLAKENHAM MICHAEL
Director
Transactions
- Award
Dividend Equivalent Rights
2011-12-15+91.61→ 2,153.74 total→ Common Stock (91.61 underlying)
Footnotes (2)
- [F1]The Dividend Equivalent Rights have accrued under the Sotheby's 1998 Stock Compensation Plan for Non-Employee Directors (as amended and restated, the "Plan") with respect to Deferred Stock Units received by the reporting person under the Plan. The Deferred Stock Units and the Dividend Equivalent Rights 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.
- [F2]Not Applicable