Edwards Ginny 4
4 · AVON PRODUCTS INC · Filed Jan 2, 2020
Insider Transaction Report
Form 4
Edwards Ginny
Vice President
Transactions
- Exercise/Conversion
Restricted Stock
2019-12-30+74,010→ 74,010 total→ Common Stock (74,010 underlying) - Exercise/Conversion
Restricted Stock Units
2019-12-30−74,010→ 0 total→ Common Stock (74,010 underlying) - Tax Payment
Restricted Stock
2019-12-30−35,576→ 35,577 total→ Common Stock (38,434 underlying)
Footnotes (4)
- [F1]Restricted stock units and restricted stock convert into common stock on a 1-for-1 basis.
- [F2]Restricted stock units were granted on 3/17/2017, 3/14/2018 and 3/13/2019 and were scheduled to vest into common stock on 3/17/2020, 3/14/2021 and 3/13/2022 In anticipation of Avon Products, Inc.'s upcoming merger with Natura Cosmeticos S.A. (the "Upcoming Merger") and with approval of the Compensation and Management Development Committee of the Board of Directors, the Units were converted into restricted stock on 12/30/19 and retain the Units' original vesting dates and will vest as follows: 12,183 on 3/17/20; 12,541 on 3/14/21 and 13,710 on 3/13/22.
- [F3]Represents shares withheld for tax purposes.
- [F4]Shares calculated for withholding at the closing price on the date of the transaction, or $5.70.