<TABLE>
<CAPTION>
<S> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION OMB
Washington, D.C. 20549 APPROVAL
- -----------------------------------------------------------------------------------------------------------------------------------
Check this STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number:
box if no longer 3235-0287
subject to Sec- Filed pursuant to Section 16(a) of the Expires: April 30, 1997
tion 16. Form 4 Securities Exchange Act of 1934, Section 17(a) of Estimated average
of Form 5 obli- the Public Utility Holding Company Act of 1935 burden hours per
gations may or Section 30(f) of the Investment Company Act response....... 0.5
continue. See of 1940
Instruction
1(b).
- -----------------------------------------------------------------------------------------------------------------------------------
1. Name and 2. Issuer Name and Ticker 6. Relationship of Reporting
Address of or Trading Symbol Person to
Reporting Issuer (Check
Person all applicable)
Taubman, Sotheby's Holdings, Inc. X Director X 10% Owner
A. Alfred -BID -- --
__ Officer __ Other (Specify
(give title below)
below)
- ------------------------------------------------------------------------------------------------------------------------------------
(Last) (First) (Middle) 3. IRS or Social 4. Statement for
Security Month/Year
Number of 05/96
Reporting Person
(Voluntary)
200 East Long Lake Road
- -----------------------------------------------------------------------------------------------------------------------------------
(Street) 5. If Amendment,
Date of Original
(Month/Year)
Bloomfield Hills, MI 48304
- -----------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- -----------------------------------------------------------------------------------------------------------------------------------
1. Title of 2. Trans- 3. Transaction 4. Securities 5. Amount of 6. Ownership 7. Nature of
Security action Code (Instr. 8) Acquired (A) or Securities Form: Indirect
(Instr. 3) Date Disposed of (D) Beneficially Direct Beneficial
(Instr. 3, 4 Owned at End of (D) or Ownership
(Month/ and 5) Month (Instr. 3 Indirect (Instr. 4)
Day/ and 4) (I) (Instr.
Year) 4)
- -----------------------------------------------------------------------------------------------------------------------------------
Code V Amount (A) or Price
(D)
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly;. (Over)
(Print or Type Response) SEC 1474 (8-92)
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Continued) (e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
1. Title of 2. Conversion or 3. Transaction 4. Transaction Code 5. Number of 6. Date Exercisable
Derivative Exercise Price Date (Month/ (Instr. 8) Derivative and Expiration Date
Security (Instr.3) of Derivative Day/Year) Securities (Month/Day/Year)
Security Acquired(A) or
Disposed of (D)
(Instr. 3, 4 and 5)
Code V (A) (D) Date Expiration
Exercisable Date
Class B (1) 5/8/96 P 41,812 N/A N/A
Common Stock
Class B Common Stock
Class B Common Stock
<CAPTION>
<S> <C> <C> <C> <C> <C>
7. Title and Amount 8. Price of 9. Number of 10. Ownership Form 11. Nature of Indirect
of Underlying Derivative Derivative of Derivative Beneficial Ownership
Securities Security (Instr.5) Securities Security: (Instr. 4)
(Instr. 3 and 4) Beneficially Owned Direct (D)
at End of Month or Indirect (I)
(Instr. 4) (Instr. 4)
Title Amount or
Number of
Shares
Class A 41,812 $14.25 9,772,698 I(2) By Trust
Limited
Voting
Common
Stock
3,468,630 I(3) (4)
792,830 I(5) By Spouse
</TABLE>
Explanation of Responses:
(1) Fully convertible at any time, on a share for share basis, into Class
A Limited Voting Common Stock
(2) As trustee of grantor trust
(3) Mr. Taubman disclaims any pecuniary interest in the shares owned by
Taubman Investments Limited Partnership beyond his ownership interest
in Taubman Investments Limited Partnership.
(4) By Taubman Investments Limited Partnership.
(5) Mr. Taubman disclaims any pecuniary interest in the shares owned by
Judith Taubman, his wife.
<TABLE>
<S> <C> <C> <C>
/s/ A. Alfred Taubman 06/05/96
- ------------------ -------------------------------- ---------
** Intentional misstatements or omissions of facts constitute Federal ** Signature of Reporting Person Date
Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78 ff(a).
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (8-92)
</TABLE>
