SOTHEBYS 4
4 · SOTHEBYS · Filed Feb 17, 2016
Insider Transaction Report
Form 4
SOTHEBYSBID
Devonshire Duke of
DirectorDeputy Chairman
Transactions
- Award
Deferred Stock Units
2016-02-15$20.26/sh+925$18,741→ 45,903.95 total→ Common Stock (925 underlying)
Footnotes (1)
- [F1]The Deferred Stock Units were accrued under the Company's 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, on a one-for-one basis, into shares of the Company's Common Stock (except that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Company's Board.