X0306 4 2016-02-15 0 0000823094 SOTHEBYS NYSE: BID 0001300345 Loeb Daniel S 390 PARK AVENUE NEW YORK NY 10022 1 0 0 1 See Remarks 0001040273 Third Point LLC 390 PARK AVENUE NEW YORK NY 10022 0 0 0 1 See Remarks Common Stock, par value $0.01 per share ("Common Stock") 2016-02-15 4 A 0 925 20.26 A 6650925 I See Remarks Common Stock 2016-02-17 4 G 0 925 0.00 D 6650925 I See Remarks Common Stock 2016-02-17 4 G 0 925 0.00 A 6650925 I See Remarks On February 15, 2016, Daniel S. Loeb was granted 925 shares as quarterly director compensation. As a director Mr. Loeb was entitled to receive $18,750 in compensation and elected to receive such consideration in the form of shares. The shares were granted at a price equal to $20.26, the closing price of the Issuer's shares on the business day prior to the award. On February 17, 2016, Daniel S. Loeb contributed as a gift the 925 shares referred to in Footnote 1 to the Funds. No consideration was received by Mr. Loeb in connection with such gift. The disposition relates to Mr. Loeb's disposition of the shares in connection with the gift described in Footnote 2. The acquisition relates to the acquisition of the shares by the Funds in connection with the gift described in Footnote 2. The securities disclosed in this Form 4 are owned by certain funds (the "Funds") managed by Third Point LLC ("Third Point"). Daniel S. Loeb is the Chief Executive Officer of Third Point. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, Third Point and Mr. Loeb may be deemed to be the beneficial owners of the securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein. /s/ William Song, as Attorney-in-Fact for Daniel S. Loeb 2016-02-17 /S/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Chief Executive Officer of Third Point LLC 2016-02-17