SEC Form 4 · accession 0001311370-15-000007
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 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:10 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,F3 | — | Feb 19, 2015 | A | 111,392 | A | — | — | Class A common stock | 111,392 | 138,794 | D |
| Restricted Stock UnitsF4,F6,F2,F5 | — | Feb 19, 2015 | A | 9,345 | A | — | — | Class A common stock | 9,345 | 105,258 | D |
Explanation of responses
- F1Represents prior grants of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2012 and 2013 for which performance conditions have been satisfied. These grants were previously reflected in Lazard Ltd's proxy statements for the relevant years.
- F2Each PRSU (the performance conditions of which have been satisfied) and each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock of Lazard Ltd.
- F3Of these PRSUs, 31,076 will vest on March 2, 2015, 62,150 will vest on or around March 1, 2016 and 18,166 will vest on or around March 1, 2017.
- F4Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU and RSU awards.
- F5Of these RSUs, 3,097 will vest on March 2, 2015, 2,392 will vest on or around March 1, 2016, 1,886 will vest on or around March 1, 2017 and 1,970 will vest on or around March 1, 2018.
- F6Amounts exclude 602 shares of Class A common stock of Lazard Ltd beneficially owned by the reporting person.