SEC Form 4 · accession 0001311370-17-000022
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:37 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, 2017 | M | 4,992 | — | A | 6,360 | D | |
| Class A Common StockF2,F3,F4 | Mar 1, 2017 | F | 1,847 | $43.06 | D | 4,513 | 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,F5 | — | Mar 1, 2017 | M | 4,992 | D | Mar 1, 2017 | Mar 1, 2017 | Class A Common Stock | 4,992 | 15,798 | 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 28, 2017, the trading day immediately preceding the vesting date.
- F4Amount excludes 6,172 shares of restricted Class A Common Stock beneficially owned by the reporting person.
- F5Each RSU represents a contingent right to receive one share of Class A Common Stock.