Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-015649
Date:2020-02-28
Issuer: LAZARD LTD (LAZ)
Original Submission Date:

Reporting Person:

BHUTANI ASHISH
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 2020-02-28 M 2,217 a $0.00 107,788 direct
RESTRICTED CLASS A COMMON STOCK 2020-02-28 M 1,181 d $0.00 106,607 direct
CLASS A COMMON STOCK 2020-02-28 M 1,181 a $0.00 750,684 direct
CLASS A COMMON STOCK 2020-02-28 F 1,181 d $36.44 749,503 direct
RESTRICTED CLASS A COMMON STOCK 2020-03-02 M 79,252 d $0.00 27,355 direct
CLASS A COMMON STOCK 2020-03-02 M 79,252 a $0.00 828,755 direct
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
RESTRICTED STOCK UNITS 0.0 2020-02-28 deemed execution date A 2,217 (a) class a common stock 2,217 $0.00 2,217 direct
RESTRICTED STOCK UNITS 0.0 2020-02-28 deemed execution date M 2,217 (d) restricted class a common stock 2,217 $0.00 0 direct
Footnotes
IDfootnote
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 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 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 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 of the rsus referenced in footnote (1).
f4 shares of unrestricted class a common stock were acquired upon the vesting of a prior grant of prsus awarded with respect to compensation for 2016, including certain rsus that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying prsu award. the grant was previously reflected in the company's proxy statements. the prsus and rsus that had been acquired pursuant to the award had previously been converted into shares of restricted class a common stock in connection with the reporting person's retirement eligibility and such shares remained subject to vesting.
f5 amount excludes 30,609 performance-based restricted participation units directly or indirectly owned by the reporting person.
f6 additional rsus were acquired pursuant to the dividend equivalent reinvestment provisions of underlying prsu awards.
f7 each rsu represents a contingent right to receive one share of class a common stock.
f8 of these rsus, 1,296 vested on march 2, 2020 and 921 will vest on or around march 1, 2021.
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