0001209191-19-013152.txt : 20190225
0001209191-19-013152.hdr.sgml : 20190225
20190225180336
ACCESSION NUMBER: 0001209191-19-013152
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190221
FILED AS OF DATE: 20190225
DATE AS OF CHANGE: 20190225
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: JACOBS KENNETH M
CENTRAL INDEX KEY: 0001073157
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32492
FILM NUMBER: 19630877
MAIL ADDRESS:
STREET 1: C/O LAZARD LTD
STREET 2: 30 ROCKEFELLER PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10020
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lazard Ltd
CENTRAL INDEX KEY: 0001311370
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
IRS NUMBER: 980437848
STATE OF INCORPORATION: D0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: CLARENDON HOUSE
STREET 2: 2 CHURCH STREET
CITY: HAMILTON
STATE: D0
ZIP: HM II
BUSINESS PHONE: (441) 295-1422
MAIL ADDRESS:
STREET 1: CLARENDON HOUSE
STREET 2: 2 CHURCH STREET
CITY: HAMILTON
STATE: D0
ZIP: HM II
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-02-21
0
0001311370
Lazard Ltd
LAZ
0001073157
JACOBS KENNETH M
C/O LAZARD LTD
30 ROCKEFELLER PLAZA
NEW YORK
NY
10112
1
1
0
0
Chairman and CEO
Restricted Class A Common Stock
2019-02-21
4
M
0
397809
A
522068
D
Restricted Class A Common Stock
2019-02-21
4
M
0
209965
D
312103
D
Class A Common Stock
2019-02-21
4
M
0
209965
A
1288326
D
Class A Common Stock
2019-02-21
4
D
0
209965
36.85
D
1078361
D
Class A Common Stock
584279
I
By Trust
Performance-based Restricted Stock Units
2019-02-21
4
A
0
397809
A
Class A Common Stock
397809
397809
D
Performance-based Restricted Stock Units
2019-02-21
4
M
0
397809
D
Restricted Class A Common Stock
397809
0
D
The reporting person is eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2018 Proxy Statement. The performance conditions for certain Performance-based Restricted Stock Units ("PRSUs") that were previously granted to the reporting person have been satisfied and, as a result of the reporting person's retirement eligibility, such PRSUs are being treated as 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 is 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 and sales restrictions contained in the underlying award agreements until the original vesting dates set forth therein.
Represents the portion of Restricted Class A Common Stock that the reporting person is permitted to sell solely in order to pay the related taxes (in accordance with the applicable award agreements).
Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the settlement of PRSUs.
Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the settlement date of the PRSUs referenced in Footnote (1).
Represents prior grants of PRSUs awarded with respect to compensation for 2015, 2016 and 2017 for which performance conditions have been satisfied. The grants were previously reflected in the Company's proxy statements for the relevant years.
Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock.
/s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A
2019-02-25