SEC Form 4 · accession 0001311370-16-000050
Lazard, Inc. · LAZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D Hoffman
Officer — General Counsel
Period of report
Feb 24, 2016
Accepted (ET)
Feb 25, 2016 · 6:14 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,F4,F3 | — | Feb 24, 2016 | A | 22,460 | A | — | — | Class A common stock | 22,460 | 92,489 | D |
Explanation of responses
- F1Represents prior grants of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2013 and 2014 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) represents a contingent right to receive one share of Class A common stock of Lazard Ltd.
- F3Of these PRSUs, 11,059 will vest on or around March 1, 2017 and 11,401 will vest on or around March 1, 2018.
- F4Amount excludes 88,783 shares of Class A common stock of Lazard Ltd and 15,366 restricted stock units ("RSUs") beneficially owned by the reporting person.