0001209191-18-013564.txt : 20180226 0001209191-18-013564.hdr.sgml : 20180226 20180226182002 ACCESSION NUMBER: 0001209191-18-013564 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: JACOBS KENNETH M CENTRAL INDEX KEY: 0001073157 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32492 FILM NUMBER: 18642183 MAIL ADDRESS: STREET 1: C/O LAZARD LTD 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 2018-02-22 0 0001311370 Lazard Ltd LAZ 0001073157 JACOBS KENNETH M C/O LAZARD LTD 30 ROCKEFELLER PLAZA NEW YORK NY 10112 1 1 0 0 Chairman and CEO Restricted Class A Common Stock 2018-02-22 4 M 0 288526 A 417231 D Restricted Class A Common Stock 2018-02-22 4 D 0 152285 53.59 D 264946 D Restricted Class A Common Stock 2018-02-23 4 M 0 16414 A 281360 D Restricted Class A Common Stock 2018-02-23 4 D 0 8665 53.18 D 272695 D Performance-based Restricted Stock Units 2018-02-22 4 A 0 288526 A Class A Common Stock 288526 288526 D Performance-based Restricted Stock Units 2018-02-22 4 M 0 288526 D Restricted Class A Common Stock 288526 0 D Restricted Stock Units 2018-02-23 4 A 0 20583 A Class A Common Stock 20583 20583 D Restricted Stock Units 2018-02-23 4 M 0 16414 D Restricted Class A Common Stock 16414 4169 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 that the reporting person is permitted to sell 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 sold to the Company to cover estimated taxes arising from the settlement of PRSUs and 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 that the reporting person is permitted to sell 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 1,499,937 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, 6,295 will vest on or around March 1, 2018, 5,256 will vest on or around March 1, 2019, 4,863 will vest on or around March 2, 2020 and 4,169 will vest on or around March 1, 2021. /s/ Kenneth M. Jacobs by Scott D. Hoffman under a P of A 2018-02-26