SEC Form 4 · accession 0001311370-15-000040
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 13, 2015
Accepted (ET)
Nov 17, 2015 · 6:30 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 13, 2015 | M | 1,795 | — | A | 128,676 | 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 13, 2015 | A | 1,795 | A | — | — | Class A Common Stock | 1,795 | 1,795 | D |
| Restricted Stock UnitsF1,F2 | — | Nov 13, 2015 | M | 1,795 | D | — | — | Restricted Class A Common Stock | 1,795 | 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.
- F2Amounts exclude 1,246,139 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, 748 will vest on or around March 1, 2017, and 1,047 will vest on or around March 1, 2018.