0001209191-21-014806.txt : 20210226 0001209191-21-014806.hdr.sgml : 20210226 20210226170135 ACCESSION NUMBER: 0001209191-21-014806 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210224 FILED AS OF DATE: 20210226 DATE AS OF CHANGE: 20210226 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: 21690603 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 2021-02-24 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 2021-02-24 4 M 0 116883 A 145250 D Restricted Class A Common Stock 2021-02-24 4 M 0 62206 D 83044 D Class A Common Stock 2021-02-24 4 M 0 62206 A 890961 D Class A Common Stock 2021-02-24 4 F 0 62206 40.67 D 828755 D Performance-based Restricted Stock Units 2021-02-24 4 A 0 116883 A Class A Common Stock 116883 116883 D Performance-based Restricted Stock Units 2021-02-24 4 M 0 116883 D Restricted Class A Common Stock 116883 0 D Performance-based Restricted Participation Units 2021-02-24 4 A 0 55280 A Class A Common Stock 55280 85889 D The reporting person is eligible for retirement under the Company's Deferred Compensation Retirement Policy, which is described in the Company's 2020 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 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 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 is converted into shares of unrestricted Class A Common Stock and retained by the Company to cover taxes required to be withheld in connection with the settlement of PRSUs. Represents shares of Class A Common Stock retained by the Company to cover taxes required to be withheld in connection with 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 a prior grant of PRSUs awarded with respect to compensation for 2017 for which performance conditions have been satisfied. The grant was previously reflected in the Company's proxy statement for the relevant year. Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock. Represents prior grants of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2018 and 2019 for which performance conditions have been satisfied. The grants were previously reflected in the Company's proxy statements for the relevant years. Each PRPU (the performance and other conditions of which have been satisfied) represents an interest in Lazard Group LLC that may be exchanged for one share of Class A Common Stock. Of these PRPUs, 30,609 will vest on or around March 1, 2022 and 24,671 will vest on or around March 1, 2023. /s/ Ashish Bhutani by Scott D. Hoffman under a P of A 2021-02-26