1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units
(1)
|
Â
(2)
|
Â
(2)
|
Common Stock
|
38,986
|
$
0
(3)
|
D
|
Â
|
Restricted Stock Units
(1)
|
Â
(4)
|
Â
(4)
|
Common Stock
|
17,057
|
$
0
(3)
|
D
|
Â
|
Restricted Stock Units
(1)
|
Â
(5)
|
Â
(5)
|
Common Stock
|
23,761
|
$
0
(3)
|
D
|
Â
|
Deferred Stock Units
(3)
|
Â
(6)
|
Â
(6)
|
Common Stock
|
134.074
|
$
(3)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The reporting person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Avon Products, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation. |
(2) |
50% of the restricted stock units vest on October 15, 2014 and 50% vest on October 15, 2015. |
(3) |
Units correspond 1-for-1 with common stock. |
(4) |
100% of the restricted stock units vest on October 15, 2016. |
(5) |
100% of the restricted stock units vest on March 13, 2017. |
(6) |
Under the Deferred Compensation Plan (the "Plan") a reporting person may transfer amounts out of the Avon Stock Fund into an alternative investment fund under the Plan at any time. Under the Plan, units are payable in cash following retirement, termination of the reporting person's employment with the company or, while still in service, on a date or series of dates pursuant to a lump sum or installment pay-out election. |