0001209191-20-012176.txt : 20200224 0001209191-20-012176.hdr.sgml : 20200224 20200224181615 ACCESSION NUMBER: 0001209191-20-012176 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200220 FILED AS OF DATE: 20200224 DATE AS OF CHANGE: 20200224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hoffman Scott D CENTRAL INDEX KEY: 0001326139 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32492 FILM NUMBER: 20646198 MAIL ADDRESS: STREET 1: C/O LAZARD LLC 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 2020-02-20 0 0001311370 Lazard Ltd LAZ 0001326139 Hoffman Scott D C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 0 1 0 0 CAO and General Counsel Restricted Class A Common Stock 2020-02-20 4 M 0 61084 A 86228 D Restricted Class A Common Stock 2020-02-20 4 M 0 32242 D 53986 D Class A Common Stock 2020-02-20 4 M 0 32242 A 147151 D Class A Common Stock 2020-02-20 4 D 0 32242 42.45 D 114909 D Performance-based Restricted Stock Units 2020-02-20 4 A 0 61084 A Class A Common Stock 61084 61084 D Performance-based Restricted Stock Units 2020-02-20 4 M 0 61084 D Restricted Class A Common Stock 61084 0 D Performance-based Restricted Participation Units 2020-02-20 4 A 0 16202 A Class A Common Stock 16202 16202 D The reporting person is eligible for retirement under the Company's RSU Retirement Policy, which is described in the Company's 2019 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 any portion that the reporting person is permitted to sell solely 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 the reporting person is permitted to sell solely in order to pay the related taxes (in accordance with the applicable award agreements). Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from 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 prior grants of PRSUs awarded with respect to compensation for 2016 and 2017 for which performance conditions have been satisfied. The grants were previously reflected in the Company's proxy statements for 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. Represents a prior grant of Performance-based Restricted Participation Units ("PRPUs") awarded with respect to compensation for 2018 for which performance conditions have been satisfied. The grant was previously reflected in the Company's proxy statement for the relevant year. 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. These PRPUs will vest on or around March 1, 2022. /s/ Scott D. Hoffman 2020-02-24