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Lazard, Inc. — Director's Dealing 2017
May 23, 2017
31019_dirs_2017-05-23_1cf4a10b-35d7-4d73-9784-712f2cbbfd71.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: 2017-05-19
Reporting Person: BHUTANI ASHISH (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-19 | Restricted Class A Common Stock | M | 3339 | — | Acquired | 50411 | Direct |
| 2017-05-19 | Restricted Class A Common Stock | F | 1865 | $43.56 | Disposed | 48546 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-19 | Restricted Stock Units | $ | A | 3339 | Acquired | Class A Common Stock (3339) | Direct | |
| 2017-05-19 | Restricted Stock Units | $ | M | 3339 | Disposed | Restricted Class A Common Stock (3339) | Direct |
Footnotes
F1: Restricted Stock Units ("RSUs") granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of underlying Performance-based Restricted Stock Unit ("PRSU") awards have become subject to taxation and have been settled in the form of Restricted Class A Common Stock. The Restricted Class A Common Stock, excluding the portion retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth therein.
F2: Represents shares of Restricted Class A Common Stock retained by the Company to cover taxes required to be withheld in connection with the settlement of RSUs.
F3: Represents the New York Stock Exchange closing price of Class A Common Stock on May 18, 2017, the trading day immediately preceding the settlement date.
F4: Amount excludes 523,456 shares of Class A Common Stock beneficially owned by the reporting person.
F5: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards.
F6: Each RSU represents a contingent right to receive one share of Class A Common Stock.
F7: Of these RSUs, 775 will vest on or around March 1, 2018, 1,542 will vest on or around March 1, 2019, and 1,022 will vest on or around March 2, 2020.