SEC Form 4 · accession 0001311370-15-000018
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
May 15, 2015
Accepted (ET)
May 19, 2015 · 7:34 pm EDT
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 | May 15, 2015 | M | 4,760 | — | A | 125,441 | D | |
| Class A common stockF2 | May 4, 2015 | G | 584,279 | $0.00 | D | 661,860 | D | |
| Class A common stockF3 | May 4, 2015 | G | 584,279 | $0.00 | A | 584,279 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5,F6 | — | May 15, 2015 | A | 1,427 | A | — | — | Class A common stock | 1,427 | 4,760 | D |
| Restricted Stock UnitsF1 | — | May 15, 2015 | M | 4,760 | D | — | — | Restricted Class A common stock | 4,760 | 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, which remains subject to vesting until the applicable service requirements are satisfied.
- F2On May 4, 2015, 584,279 shares of Class A common stock were transferred to a trust of which (i) the reporting person serves as a co-trustee and (ii) the reporting person's immediate family members are beneficiaries.
- F3Following the reported transactions, the reporting person (i) beneficially owned 125,441 shares of restricted Class A common stock and (ii) directly or indirectly beneficially owned 1,246,139 shares of Class A common stock.
- F4Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards.
- F5Each RSU represents a contingent right to receive one share of Class A common stock.
- F6Of these RSUs, 586 will vest on or around March 1, 2017, and 841 will vest on or around March 1, 2018.