SOTHEBYS 4
4 · SOTHEBYS · Filed May 16, 2016
Insider Transaction Report
Form 4
SOTHEBYSBID
Reza Olivier
Director
Transactions
- Purchase
Common Stock
2016-05-16$27.61/sh+10,000$276,112→ 35,000 total(indirect: By Trust) - Award
Deferred Stock Units
2016-05-15$27.60/sh+679$18,740→ 5,043.82 total→ Common Stock (679 underlying)
Holdings
- 10,000
Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $27.50 and $27.75 inclusive. If requested, the reporting person will supply the SEC, the Issuer or a security holder of the Issuer full details regarding the number of shares sold at each separate price.
- [F2]The Reporting Person is an investment advisor and a beneficiary of the grantor trusts.
- [F3]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.