Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-19-030116
Date:2019-10-03
Issuer: SOTHEBYS (BID)
Original Submission Date:

Reporting Person:

SIMMS MARSHA
1334 YORK AVENUE
NEW YORK, NY 10021

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
DEFERRED STOCK UNITS 0.0 2019-10-03 deemed execution date D 19,055 (d) common stock 19,055 $0.00 0 direct
Footnotes
IDfootnote
f1 each deferred stock unit represented the right to receive one share of common stock under the company's stock compensation plan for non-employee directors. pursuant to the agreement and plan of merger dated as of june 16, 2019, by and among bidfair usa inc. (formerly a limited liability company known as bidfair usa llc), bidfair mergeright, inc. and the issuer (the "merger agreement"), at the effective time of the merger, the deferred stock units held by the reporting person were canceled and converted into the right to receive an amount in cash equal to the product of (x) the total number of shares of common stock underlying such deferred stock units and (y) $57 in cash.
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