SEC Form 4 · accession 0001311370-16-000058
Lazard, Inc. · LAZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dominick Ragone
Officer — Chief Accounting Officer
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 7:08 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 1, 2016 | M | 1,986 | — | A | 2,103 | D | |
| Class A Common StockF2,F3 | Mar 1, 2016 | F | 735 | $35.18 | D | 1,368 | D | |
| Restricted Class A Common StockF4 | Mar 1, 2016 | A | 6,172 | $0.00 | A | 6,172 | 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 UnitsF5,F6,F7 | — | Feb 26, 2016 | A | 710 | A | — | — | Class A Common Stock | 710 | 16,381 | D |
| Restricted Stock UnitsF6 | — | Mar 1, 2016 | M | 1,986 | D | Mar 1, 2016 | Mar 1, 2016 | Class A Common Stock | 1,986 | 14,395 | 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"), including certain RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying RSU awards.
- F2Represents shares of Class A common stock withheld by the Company to cover estimated taxes arising from the vesting of RSUs.
- F3Represents the New York Stock Exchange closing price of Class A common stock on February 29, 2016, the trading day immediately preceding the vesting date.
- F4Of the shares of Restricted Class A common stock, 2,058 will vest on or around March 1, 2018, and 4,114 will vest on or around March 1, 2019.
- F5Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.
- F6Each RSU represents a contingent right to receive one share of Class A common stock.
- F7Of the RSUs, 87 vested on March 1, 2016, 202 will vest on or around March 1, 2017, 225 will vest on or around March 1, 2018, and 196 will vest on or around March 1, 2019.