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Lazard, Inc. — Director's Dealing 2015
Mar 4, 2015
31019_dirs_2015-03-04_ba80e8ab-7c6b-46ca-b8a3-a9c443b48f73.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2015-03-02
Reporting Person: Stern Alexander F. (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-02 | Class A common stock | M | 124499 | — | Acquired | 125101 | Direct |
| 2015-03-03 | Class A common stock | S | 63000 | $50.80 | Disposed | 62101 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-02 | Restricted Stock Units | $ | M | 84288 | Disposed | 2015-03-02 | Class A common stock (84288) | Direct |
| 2015-03-02 | Performance-based Restricted Stock Units | $ | M | 40211 | Disposed | 2015-03-02 | Class A common stock (40211) | Direct |
Footnotes
F1: Shares of Class A common stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs") and Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2011 and 2012. These grants were previously reflected in the Company's proxy statements for the relevant years.
F2: Represents shares of Class A common stock sold to cover estimated taxes arising from the vesting of PRSUs and RSUs.
F3: Each RSU, and each PRSU (the performance conditions of which have been satisfied), represented or represents a contingent right to receive one share of Class A common stock.