Dominick Ragone - 01 Mar 2022 Form 4 Insider Report for Lazard Ltd (LAZ)

Role
Chief Accounting Officer
Signature
/s/ Dominick Ragone by Scott D. Hoffman under a P of A
Issuer symbol
LAZ
Transactions as of
01 Mar 2022
Net transactions value
-$297,353
Form type
4
Filing time
03 Mar 2022, 18:58:43 UTC
Previous filing
01 Mar 2022
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAZ Class A Common Stock Options Exercise +9,587 +154% 15,817 01 Mar 2022 Direct F1
transaction LAZ Restricted Class A Common Stock Options Exercise -8,850 -59% 6,058 01 Mar 2022 Direct F1
transaction LAZ Class A Common Stock Options Exercise +8,850 +56% 24,667 01 Mar 2022 Direct F1
transaction LAZ Class A Common Stock Tax liability $297,353 -8,599 -35% $34.58 16,068 01 Mar 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAZ Restricted Stock Units Options Exercise -9,587 -40% 14,446 01 Mar 2022 Class A Common Stock 9,587 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of unrestricted Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs") and Restricted Class A Common Stock, including certain RSUs and Restricted Class A Common Stock that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying awards.
F2 Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs referenced in Footnote (1).
F3 Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of RSUs and Restricted Class A Common Stock referenced in Footnote (1).
F4 Each RSU represents a contingent right to receive one share of Class A Common Stock.