SEC Form 4 · accession 0001209191-17-062165
Lazard, Inc. · LAZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth M Jacobs
Officer — Chairman and CEO · Director
Period of report
Nov 17, 2017
Accepted (ET)
Nov 21, 2017 · 6:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311370
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Class A Common StockF1,F2 | Nov 17, 2017 | M | 3,387 | — | A | 128,705 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | — | Nov 17, 2017 | A | 3,387 | A | — | — | Class A Common Stock | 3,387 | 3,387 | D |
| Restricted Stock UnitsF1,F2 | — | Nov 17, 2017 | M | 3,387 | D | — | — | Restricted Class A Common Stock | 3,387 | 0 | D |
Explanation of responses
- F1Restricted 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 that the reporting person is permitted to sell in order to pay the related taxes (in accordance with the applicable award agreement), will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth therein.
- F2Amount excludes 1,499,937 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.
- F3Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards.
- F4Each RSU represents a contingent right to receive one share of Class A Common Stock.
- F5Of these RSUs, 582 will vest on or around March 1, 2018, 1,457 will vest on or around March 1, 2019, and 1,348 will vest on or around March 2, 2020.