SEC Form 4 · accession 0001311370-16-000100
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
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 6:43 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,F2 | Aug 19, 2016 | M | 3,890 | — | A | 117,814 | 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 | — | Aug 19, 2016 | A | 3,890 | A | — | — | Class A Common Stock | 3,890 | 3,890 | D |
| Restricted Stock UnitsF1,F2 | — | Aug 19, 2016 | M | 3,890 | D | — | — | Restricted Class A Common Stock | 3,890 | 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.
- F2Amount excludes 1,349,092 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, 640 will vest on or around March 1, 2017, 1,007 will vest on or around March 1, 2018, and 2,243 will vest on or around March 1, 2019.