SEC Form 4 · accession 0001209191-19-013155
Lazard, Inc. · LAZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander F. Stern
Officer — Chief Operating Officer
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311370
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF1,F2,F4,F3 | — | Feb 21, 2019 | A | 230,511 | A | — | — | Class A Common Stock | 230,511 | 316,922 | D |
Explanation of responses
- F1Represents prior grants of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2015, 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.
- F2Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock.
- F3Of these PRSUs, 186,931 will vest on or around March 1, 2019, 24,099 will vest on or around March 2, 2020, and 19,481 will vest on or around March 1, 2021.
- F4Amount excludes 125,702 shares of Class A Common Stock and 45,129 Restricted Stock Units directly or indirectly beneficially owned by the reporting person.