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Lazard, Inc. — Director's Dealing 2016
Feb 25, 2016
31019_dirs_2016-02-25_5d78b3d3-f087-4f53-a5fd-b47e583eeb9a.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: 2016-02-24
Reporting Person: BHUTANI ASHISH (Director, CEO of Lazard Asset Management)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-24 | Performance-based Restricted Stock Units | $ | A | 37002 | Acquired | Class A common stock (37002) | Direct |
Footnotes
F1: Represents prior grants of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2013 and 2014 for which performance conditions have been satisfied. These grants were previously reflected in Lazard Ltd's proxy statements for the relevant years.
F2: Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A common stock of Lazard Ltd.
F3: Of these PRSUs, 19,176 will vest on or around March 1, 2017 and 17,826 will vest on or around March 1, 2018.
F4: Amount excludes 380,426 shares of Class A common stock of Lazard Ltd and 17,279 restricted stock units ("RSUs") beneficially owned by the reporting person.