TESSLER LENARD 4
4 · AVON PRODUCTS INC · Filed May 20, 2019
Insider Transaction Report
Form 4
TESSLER LENARD
Director
Transactions
- Exercise/Conversion
Common Stock
2019-05-16+66,584→ 66,584 total - Award
Phantom Stock
2019-05-16+36,624→ 36,624 total→ Common Stock (36,624 underlying) - Exercise/Conversion
Phantom Stock
2019-05-16−66,584→ 0 totalFrom: 2019-05-06Exp: 2019-05-06→ Common Stock (66,584 underlying) - Disposition to Issuer
Common Stock
2019-05-16$3.14/sh−66,584$209,074→ 0 total
Footnotes (4)
- [F1]Each share of phantom stock was the economic equivalent of one share of Common Stock. The terms of the grant of Phantom Stock required a settlement in cash and payout upon vesting. The reporting person, therefore, had no discretion to settle his shares of phantom stock upon vesting in anything but cash.
- [F2]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.
- [F3]Each share of Phantom Stock corresponds 1-for-1 with common stock but is required to settle in cash.
- [F4]100% of the Phantom Stock vests on the date of the next annual meeting of shareholders.