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Lazard, Inc. — Director's Dealing 2018
May 17, 2018
31019_dirs_2018-05-17_c198632d-fe12-40e5-9dd7-3c036d4eb738.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: 2018-05-15
Reporting Person: BHUTANI ASHISH (Director, CEO of Lazard Asset Management)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-15 | Restricted Class A Common Stock | M | 3002 | — | Acquired | 64910 | Direct |
| 2018-05-15 | Restricted Class A Common Stock | F | 1598 | $55.33 | Disposed | 63312 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-15 | Restricted Stock Units | $ | M | 3002 | Disposed | Restricted Class A Common Stock (3002) | Direct |
Footnotes
F1: The reporting person is eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2018 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs") that were previously granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of an underlying Performance-based Restricted Stock Unit ("PRSU") award are no longer subject to the service-based vesting requirements contained in the underlying award agreement. Such RSUs have now 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 agreement until the original vesting date 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 the trading day immediately preceding the settlement date.
F4: Amount excludes 596,863 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.