SEC Form 4 · accession 0001311370-16-000044
Lazard, Inc. · LAZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthieu Bucaille
Officer — Chief Financial Officer
Period of report
Feb 8, 2016
Accepted (ET)
Feb 9, 2016 · 6:50 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 | Feb 8, 2016 | M | 82,380 | — | A | 82,380 | D | |
| Restricted Class A common stockF2,F3 | Feb 8, 2016 | M | 82,948 | — | A | 165,328 | 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 UnitsF1 | — | Feb 8, 2016 | M | 82,380 | D | — | — | Restricted Class A common stock | 82,380 | 82,948 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 8, 2016 | M | 82,948 | D | — | — | Restricted Class A common stock | 82,948 | 0 | D |
Explanation of responses
- F1The reporting person has become eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2015 Proxy Statement. As a result of the foregoing, certain RSUs, and certain PRSUs for which the performance conditions have been satisfied, that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and PRSUs (for which the performance conditions have been satisfied) have now become subject to taxation and have been settled in the form of Restricted Class A common stock. The Restricted Class A common stock, excluding any portion that the reporting person may be permitted to sell solely in order to pay the related taxes (in accordance with the applicable award agreements), will remain subject to all restrictive covenants contained in the underlying award agreements until the original vesting dates set forth in the award agreements.
- F2As discussed in the Company's 2015 Proxy Statement, the reporting person received a special RSU award in 2011 in connection with his appointment as Chief Financial Officer. The special RSU award will vest on March 1, 2019. The Company's RSU Retirement Policy is not applicable to the special RSU award. The RSUs granted under the special RSU award have been settled in the form of Restricted Class A common stock, which continues to be subject to all restrictive covenants and all service-based vesting requirements set forth in the original award agreement until March 1, 2019.
- F3Amount excludes 233,427 shares of Class A common stock of Lazard Ltd beneficially owned by the reporting person.