X0306 4 2016-05-15 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 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2016-05-15 4 A 0 679 27.60 A 6661604 I See Remarks Common Stock 2016-05-17 4 G 0 679 0.00 D 6661604 I See Remarks Common Stock 2016-05-17 4 G 0 679 0.00 A 6661604 I See Remarks On May 15, 2016, Daniel S. Loeb was granted 679 shares as quarterly director compensation. As a director, Mr. Loeb was entitled to $18,750 in compensation and elected to receive such compensation in the form of shares. The shares were granted at a price equal to $27.60, the closing price of the Issuer's shares on the business day prior to the award. On May 17, 2016, Daniel S. Loeb contributed as a gift the 679 shares referred to in Footnote 1 to the Funds (as defined below). 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. DANIEL S. LOEB, /s/ William Song, as Attorney-in-Fact for Daniel S. Loeb 2016-05-17 THIRD POINT LLC, /s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Chief Executive Officer of Third Point LLC 2016-05-17