AVON PRODUCTS INC 4
4 · AVON PRODUCTS INC · Filed May 31, 2016
Insider Transaction Report
Form 4
MAYER STEVEN F
Director
Transactions
- Award
Phantom Stock
2016-05-26+32,659→ 32,659 total→ Common Stock (32,659 underlying)
Footnotes (3)
- [F1]Phantom Stock granted as part of the Reporting person's annual director retainer in lieu of restricted stock units typically granted under the Avon Products, Inc. Compensation Plan for Non-Employee Directors. Includes a pro-rata award of 2,711 Phantom Stock units for Mr. Mayer's service on the Board since March 2016.
- [F2]Each share of Phantom Stock corresponds 1-for-1 with common stock.
- [F3]100% of the Phantom Stock vests on the date of the next Annual Meeting of Shareholders.