0001209191-18-031160.txt : 20180517
0001209191-18-031160.hdr.sgml : 20180517
20180517183955
ACCESSION NUMBER: 0001209191-18-031160
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180515
FILED AS OF DATE: 20180517
DATE AS OF CHANGE: 20180517
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: 18844578
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
2018-05-15
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
2018-05-15
4
M
0
3002
A
64910
D
Restricted Class A Common Stock
2018-05-15
4
F
0
1598
55.33
D
63312
D
Restricted Stock Units
2018-05-15
4
M
0
3002
D
Restricted Class A Common Stock
3002
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. As a result, certain Restricted Stock Units ("RSUs") that were previously granted to the reporting person pursuant to the dividend equivalent reinvestment provisions of an underlying Performance-based Restricted Stock Unit ("PRSU") award are no longer subject to the service-based vesting requirements contained in the underlying award agreement. Such RSUs 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 agreement until the original vesting date set forth therein.
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.
Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the settlement date.
Amount excludes 596,863 shares of Class A Common Stock directly or indirectly beneficially owned by the reporting person.
/s/ Ashish Bhutani by Scott D. Hoffman under a P of A
2018-05-17