4//SEC Filing
BHUTANI ASHISH 4
Accession 0001209191-21-017290
CIK 0001311370other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 6:53 PM ET
Size
17.2 KB
Accession
0001209191-21-017290
Insider Transaction Report
Form 4
Lazard LtdLAZ
BHUTANI ASHISH
Director
Transactions
- Exercise/Conversion
Restricted Class A Common Stock
2021-03-01−83,044→ 0 total - Exercise/Conversion
Class A Common Stock
2021-03-01+83,044→ 911,799 total - Sale
Class A Common Stock
2021-03-02$40.52/sh−200,000$8,104,000→ 711,799 total - Exercise/Conversion
Class A Common Stock
2021-03-02+1,350→ 713,149 total - Tax Payment
Class A Common Stock
2021-03-02$40.52/sh−719$29,134→ 712,430 total - Award
Restricted Stock Units
2021-03-02+1,350→ 1,350 totalFrom: 2021-03-02Exp: 2021-03-02→ Class A Common Stock (1,350 underlying) - Exercise/Conversion
Restricted Stock Units
2021-03-02−1,350→ 0 totalFrom: 2021-03-02Exp: 2021-03-02→ Class A Common Stock (1,350 underlying)
Footnotes (8)
- [F1]Shares of unrestricted Class A Common Stock were acquired upon the vesting of a prior grant of Performance-based Restricted Stock Units ("PRSUs") awarded with respect to compensation for 2017, including certain Restricted Stock Units ("RSUs") that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying PRSU award. The grant was previously reflected in the Company's proxy statements. The PRSUs and RSUs that had been acquired pursuant to the award had previously been converted into shares of Restricted Class A Common Stock in connection with the reporting person's retirement eligibility and such shares remained subject to vesting.
- [F2]Represents shares of Class A Common Stock sold to the Company.
- [F3]Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the transaction date.
- [F4]Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (7).
- [F5]Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of the RSUs referenced in Footnote (7).
- [F6]Amount excludes 85,889 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person.
- [F7]Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSUs described in Footnote (1) that were outstanding on the dividend record date and vested March 1, 2021. These RSUs vested on March 2, 2021.
- [F8]Each RSU represents a contingent right to receive one share of Class A Common Stock.
Documents
Issuer
Lazard Ltd
CIK 0001311370
Entity typeother
Related Parties
1- filerCIK 0001287727
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 6:53 PM ET
- Size
- 17.2 KB