Accession Number: | 0001209191-20-015686 |
Date: | 2020-02-28 |
Issuer: | LAZARD LTD (LAZ) |
Original Submission Date: |
STERN ALEXANDER F.
C/O LAZARD LTD
30 ROCKEFELLER PLAZA
NEW YORK, NY 10112
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
CLASS A COMMON STOCK | 2020-03-02 | M | 137,848 | a | $0.00 | 421,443 | direct | ||
CLASS A COMMON STOCK | 2020-03-02 | M | 22,079 | a | $0.00 | 443,522 | direct | ||
CLASS A COMMON STOCK | 2020-03-02 | D | 78,301 | d | $35.82 | 365,221 | direct | ||
CLASS A COMMON STOCK | 2020-03-03 | S | 50,000 | d | $37.95 | 315,221 | direct |
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 Exercisable | Expiration 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 | 3,230 (a) | class a common stock 3,230 | $0.00 | 33,550 | direct | |||
PERFORMANCE-BASED RESTRICTED STOCK UNITS | 0.0 | 2020-03-02 | deemed execution date | M | 137,848 (d) | 2020-03-02 | 2020-03-02 | class a common stock 137,848 | $0.00 | 38,961 | direct | |
RESTRICTED STOCK UNITS | 0.0 | 2020-03-02 | deemed execution date | M | 22,079 (d) | 2020-03-02 | 2020-03-02 | class a common stock 22,079 | $0.00 | 11,471 | direct |
ID | footnote |
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f1 | shares of class a common stock were acquired upon the vesting of a prior grant of performance-based restricted stock units ("prsus") awarded with respect to compensation for 2016, including certain restricted stock units ("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. |
f2 | represents shares of class a common stock sold to the company to cover estimated taxes arising from the vesting of prsus and rsus. |
f3 | represents the new york stock exchange closing price of class a common stock on the trading day immediately preceding the vesting date of prsus and rsus referenced in footnote (1). |
f4 | represents shares of class a common stock sold to the company. |
f5 | represents the new york stock exchange closing price of class a common stock on the trading day immediately preceding the transaction date. |
f6 | amount excludes 31,010 performance-based restricted participation units directly or indirectly owned by the reporting person. |
f7 | additional rsus were acquired pursuant to the dividend equivalent reinvestment provisions of underlying prsu awards. |
f8 | each rsu represents a contingent right to receive one share of class a common stock. |
f9 | of these rsus, 2,072 vested on or around march 2, 2020 and 1,158 will vest on or around march 1, 2021. |
f10 | each prsu (the performance conditions of which have been satisfied) represents a contingent right to receive one share of class a common stock. |