SOTHEBYS 4
4 · SOTHEBYS · Filed Sep 15, 2015
Insider Transaction Report
Form 4
SOTHEBYSBID
Devonshire Duke of
DirectorDeputy Chairman
Transactions
- Award
Dividend Equivalent Rights
2015-09-15+127.86→ 7,118.92 total→ Common Stock (127.86 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