RB GLOBAL INC. — Director's Dealing 2015

Dec 31, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RITCHIE BROS AUCTIONEERS INC (RBA)
CIK: 0001046102
Period of Report: 2016-01-01

Reporting Person: Pitoniak Edward Baltazar (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1460	Direct
Common Stock	5681	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Share Units ("DSUs")	$		Common Stock (9584)		Direct
Dividend Equivalent Rights (DSUs)	$		Common Stock (348)		Direct

Footnotes

F1: Following the reporting person ceasing to hold any position as a director of RBA or any of its subsidiaries and not otherwise being employed by RBA or any of its subsidiaries ("Termination"), a lump sum cash payment will be made by RBA to the reporting person, net of tax withholding, calculated by multiplying the number of DSUs by the fair market value of one RBA common share as of (i) the 24th business day after the first publication by or on behalf of RBA of interim financial statements and MD&A for the fiscal quarter of the corporation following such Termination or (ii) where the Termination occurs in RBA's fourth fiscal quarter, the 24th business day (or such fewer number of business days as may be determined by the Committee) after the first publication by or on behalf of RBA of annual financial statements and MD&A for such fiscal year of RBA.

F2: Each DSU represents the economic equivalent of one RBA common share.

F3: The dividend equivalent rights accrued in respect of the reporting person's deferred share units, and become exercisable and payable concurrently with the deferred share units. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.