TESSLER LENARD 4
4 · AVON PRODUCTS INC · Filed May 17, 2018
Insider Transaction Report
Form 4
TESSLER LENARD
Director
Transactions
- Award
Phantom Stock
2018-05-16+66,584→ 66,584 total→ Common Stock (66,584 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 5,414 Phantom Stock units for Mr. Tessler's service on the Board since March 2018.
- [F2]Each share of Phantom Stock corresponds 1-for-1 with common stock but is required to settle in cash.
- [F3]100% of the Phantom Stock vests on the date of the next annual meeting of shareholders.