X0306 4 2015-11-15 0 0000823094 SOTHEBYS BID 0001519176 Simms Marsha 1334 YORK AVENUE NEW YORK NY 10021 1 0 0 0 Deferred Stock Units 2015-11-15 4 A 0 646 29.01 A Common Stock 646 10250.88 D The Deferred Stock Units were accrued under the Company's Stock Compensation Plan for Non-Employee Directors (as amended and restated, the "Plan") as a result of a partial or full deferral election with respect to stock compensation paid under the Plan. These units will be settled, on a one-for-one basis, into shares of the Company's Common Stock (except that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Company's Board. Revised to include deferred stock units acquired pursuant to the dividend reinvestment feature of the Plan, which were previously reported separately. /s/ Jonathan Olsoff as Attorney-In-Fact 2015-11-16