0001209191-19-016986.txt : 20190305
0001209191-19-016986.hdr.sgml : 20190305
20190305183151
ACCESSION NUMBER: 0001209191-19-016986
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190301
FILED AS OF DATE: 20190305
DATE AS OF CHANGE: 20190305
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: 19660405
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
2019-03-01
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
Class A Common Stock
2019-03-01
4
M
0
8050
A
1086411
D
Restricted Class A Common Stock
2019-03-01
4
M
0
5986
A
318089
D
Restricted Class A Common Stock
2019-03-01
4
M
0
3161
D
314928
D
Class A Common Stock
2019-03-01
4
M
0
3161
A
1089572
D
Class A Common Stock
2019-03-01
4
D
0
7410
37.43
D
1082162
D
Restricted Class A Common Stock
2019-03-01
4
M
0
237645
D
77283
D
Class A Common Stock
2019-03-01
4
M
0
237645
A
1319807
D
Class A Common Stock
584279
I
By Trust
Restricted Stock Units
2019-03-01
4
A
0
14036
A
Class A Common Stock
14036
14036
D
Restricted Stock Units
2019-03-01
4
M
0
8050
D
2019-03-01
2019-03-01
Class A Common Stock
8050
5986
D
Restricted Stock Units
2019-03-01
4
M
0
5986
D
Restricted Class A Common Stock
5986
0
D
Shares of unrestricted Class A Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2015, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. The grant was previously reflected in the Company's proxy statements. The PRSUs and RSUs that had been acquired pursuant to the award had previously been converted into shares of Restricted Class A Common Stock in connection with the reporting person's retirement eligibility and such shares remained subject to vesting.
RSUs granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards have become subject to taxation and have been settled in the form of Restricted Class A Common Stock. The Restricted Class A Common Stock, excluding the portion that the reporting person is permitted to sell in order to pay the related taxes (in accordance with the applicable award agreement), 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 taxes in connection with the settlement of the RSUs referenced in Footnote (2) (in accordance with the applicable award agreement).
Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the settlement of RSUs.
Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the settlement date of the RSUs referenced in Footnote (2).
Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards.
Each RSU represents a contingent right to receive one share of Class A Common Stock.
Of these RSUs, 8,050 vested on March 1, 2019, 2,793 will vest on or around March 2, 2020, and 3,193 will vest on or around March 1, 2021.
/s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A
2019-03-05