Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-012178
Date:2020-02-20
Issuer: LAZARD LTD (LAZ)
Original Submission Date:

Reporting Person:

JACOBS KENNETH M
C/O LAZARD LTD
30 ROCKEFELLER PLAZA NEW YORK, NY 10112

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
RESTRICTED CLASS A COMMON STOCK 2020-02-20 M 173,344 a $0.00 257,600 direct
RESTRICTED CLASS A COMMON STOCK 2020-02-20 M 91,492 d $0.00 166,108 direct
CLASS A COMMON STOCK 2020-02-20 M 91,492 a $0.00 1,411,299 direct
CLASS A COMMON STOCK 2020-02-20 D 91,492 d $42.45 1,319,807 direct
CLASS A COMMON STOCK 2020-02-20 0 $0.00 584,279 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE-BASED RESTRICTED STOCK UNITS 0.0 2020-02-20 deemed execution date A 173,344 (a) class a common stock 173,344 $0.00 173,344 direct
PERFORMANCE-BASED RESTRICTED STOCK UNITS 0.0 2020-02-20 deemed execution date M 173,344 (d) restricted class a common stock 173,344 $0.00 0 direct
PERFORMANCE-BASED RESTRICTED PARTICIPATION UNITS 0.0 2020-02-20 deemed execution date A 47,917 (a) class a common stock 47,917 $0.00 47,917 direct
Footnotes
IDfootnote
f1 the reporting person is eligible for retirement under the company's rsu retirement policy, which is described in the company's 2019 proxy statement. the performance conditions for certain performance-based restricted stock units ("prsus") that were previously granted to the reporting person have been satisfied and, as a result of the reporting person's retirement eligibility, such prsus are being treated as subject to taxation and have been settled in the form of restricted class a common stock. the restricted class a common stock, excluding any portion that the reporting person is permitted to sell solely in order to pay the related taxes (in accordance with the applicable award agreements), 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 the portion of restricted class a common stock that the reporting person is permitted to sell solely in order to pay the related taxes (in accordance with the applicable award agreements).
f3 represents shares of class a common stock sold to the company to cover estimated taxes arising from the settlement of prsus.
f4 represents the new york stock exchange closing price of class a common stock on the trading day immediately preceding the settlement date of the prsus referenced in footnote (1).
f5 represents prior grants of prsus awarded with respect to compensation for 2016 and 2017 for which performance conditions have been satisfied. the grants were previously reflected in the company's proxy statements for the relevant years.
f6 each prsu (the performance conditions of which have been satisfied) represents a contingent right to receive one share of class a common stock.
f7 represents a prior grant of performance-based restricted participation units ("prpus") awarded with respect to compensation for 2018 for which performance conditions have been satisfied. the grant was previously reflected in the company's proxy statement for the relevant year.
f8 each prpu (the performance and other conditions of which have been satisfied) represents an interest in lazard group llc that may be exchanged for one share of class a common stock.
f9 these prpus will vest on or around march 1, 2022.
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