X0306 4 2015-03-31 0 0000823094 SOTHEBYS BID 0001601765 Smith, Jr. Thomas S. 1334 YORK AVE NEW YORK NY 10021 1 1 0 0 President and CEO Common Stock 2015-03-31 4 A 0 158638 A 158638 D Restricted Share Units 2015-03-31 4 A 0 47070 A Common Stock 47070 47070 D Performance Share Units 2015-03-31 4 A 0 94140 A Common Stock 94140 D Restricted stock award made pursuant to the Reporting Person's employment agreement with the issuer, dated March 13, 2015 (the "Employment Agreement"); service-based vesting only. A copy of the Employment Agreement is filed as Exhibit 10.1 to the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on March 18, 2015. Not Applicable Consists of unvested restricted stock shares only. Restricted stock unit award, to be settled in shares of issuer common stock; service-based vesting only. The number of restricted stock units awarded was calculated based on the terms of the Employment Agreement. 1-for-1 This award was made pursuant to the Employment Agreement and the Second Amended and Restated Sotheby's Restricted Stock Unit Plan, as amended, and vests based on a graduated schedule of pre-determined levels of stock price appreciation above a price of $42.49 per share as well as a separate service-based vesting requirement, as described in the Employment Agreement. /s/ Thomas S. Smith, Jr. 2015-04-01