0000950157-17-000604.txt : 20170510 0000950157-17-000604.hdr.sgml : 20170510 20170510211110 ACCESSION NUMBER: 0000950157-17-000604 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170508 FILED AS OF DATE: 20170510 DATE AS OF CHANGE: 20170510 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BHUTANI ASHISH CENTRAL INDEX KEY: 0001287727 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32492 FILM NUMBER: 17832121 4 1 form4.xml X0306 4 2017-05-08 0001311370 Lazard Ltd LAZ 0001287727 BHUTANI ASHISH C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 true true CEO of Lazard Asset Management Restricted Class A Common Stock 2017-05-08 4 M 0 102593 A 102593 D Restricted Class A Common Stock 2017-05-08 4 F 0 57268 42.86 D 45325 D Performance-based Restricted Stock Units 2017-05-08 4 M 0 72795 D Restricted Class A Common Stock 72795 0 D Restricted Stock Units 2017-05-08 4 M 0 29798 D Restricted Class A Common Stock 29798 3955 D The reporting person has become eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2017 Proxy Statement. As a result, certain Restricted Stock Units ("RSUs"), and certain Performance-based Restricted Stock Units ("PRSUs") for which the performance conditions have been satisfied, that were previously granted to the reporting person are no longer subject to the service-based vesting requirements contained in the underlying award agreements. Such RSUs and PRSUs (for which the performance conditions have been satisfied) have now 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 retained by the Company in order to cover taxes required to be withheld, will remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth in the award agreements. Represents shares of Restricted Class A Common Stock retained by the Company to cover taxes required to be withheld in connection with the settlement of RSUs and PRSUs. Represents the New York Stock Exchange closing price of Class A Common Stock on May 5, 2017, the trading day immediately preceding the settlement date. Amount excludes 523,456 shares of Class A Common Stock beneficially owned by the reporting person. Represents prior grants of PRSUs awarded with respect to compensation for 2014 and 2015 for which performance conditions have been satisfied. These grants were previously reflected in the Company's proxy statements for the relevant years. Represents RSUs previously acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSU awards. /s/ Ashish Bhutani by Scott D. Hoffman under a P of A 2017-05-10