0001209191-18-013559.txt : 20180226
0001209191-18-013559.hdr.sgml : 20180226
20180226181803
ACCESSION NUMBER: 0001209191-18-013559
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180222
FILED AS OF DATE: 20180226
DATE AS OF CHANGE: 20180226
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: 18642175
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
2018-02-22
0
0001311370
Lazard Ltd
LAZ
0001287727
BHUTANI ASHISH
C/O LAZARD LTD
30 ROCKEFELLER PLAZA
NEW YORK
NY
10112
1
1
0
0
CEO of Lazard Asset Management
Restricted Class A Common Stock
2018-02-22
4
M
0
170633
A
221255
D
Restricted Class A Common Stock
2018-02-22
4
F
0
90813
53.59
D
130442
D
Restricted Class A Common Stock
2018-02-23
4
M
0
10420
A
140862
D
Restricted Class A Common Stock
2018-02-23
4
F
0
5547
53.18
D
135315
D
Performance-based Restricted Stock Units
2018-02-22
4
A
0
170633
A
Class A Common Stock
170633
170633
D
Performance-based Restricted Stock Units
2018-02-22
4
M
0
170633
D
Restricted Class A Common Stock
170633
0
D
Restricted Stock Units
2018-02-23
4
A
0
13422
A
Class A Common Stock
13422
13422
D
Restricted Stock Units
2018-02-23
4
M
0
10420
D
Restricted Class A Common Stock
10420
3002
D
The reporting person is eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2017 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 such PRSUs have now become Restricted Stock Units ("RSUs"), which remain subject to all restrictive covenants and sales restrictions contained in the underlying award agreements until the original vesting dates set forth therein. As a result of the reporting person's retirement eligibility, the RSUs are 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 required to be withheld in order to pay the related taxes (in accordance with the applicable award agreements), will remain subject to all restrictive covenants as described above.
Represents shares of Class A Common Stock retained by the Company to cover taxes required to be withheld in connection with 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 applicable RSUs.
Certain 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 required to be withheld 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.
Amount excludes 523,456 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.
Represents prior grants of PRSUs awarded with respect to compensation for 2014, 2015 and 2016 for which performance conditions have been satisfied. The grants were previously reflected in the Company's proxy statements covering 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.
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, 3,434 will vest on or around March 1, 2018, 3,578 will vest on or around March 1, 2019, 3,408 will vest on or around March 1, 2020 and 3,002 will vest on or around March 1, 2021.
/s/ Ashish Bhutani by Scott D. Hoffman under a P of A
2018-02-26