SEC Form 4 · accession 0001311370-15-000013
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
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:43 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 |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF1 | Mar 2, 2015 | M | 124,499 | — | A | 125,101 | D | |
| Class A common stockF2 | Mar 3, 2015 | S | 63,000 | $50.80 | D | 62,101 | 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 | — | Mar 2, 2015 | M | 84,288 | D | Mar 2, 2015 | Mar 2, 2015 | Class A common stock | 84,288 | 20,970 | D |
| Performance-based Restricted Stock UnitsF3 | — | Mar 2, 2015 | M | 40,211 | D | Mar 2, 2015 | Mar 2, 2015 | Class A common stock | 40,211 | 98,583 | D |
Explanation of responses
- F1Shares of Class A common stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs") and Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2011 and 2012. These grants were previously reflected in the Company's proxy statements for the relevant years.
- F2Represents shares of Class A common stock sold to cover estimated taxes arising from the vesting of PRSUs and RSUs.
- F3Each RSU, and each PRSU (the performance conditions of which have been satisfied), represented or represents a contingent right to receive one share of Class A common stock.