Hoffman Scott D 4

4 · Lazard Ltd · Filed Mar 3, 2021

Form 4

Period: 2021-03-01

General Counsel

Transactions

Exercise/Conversion
Class A Common Stock
2021-03-01+41,152→ 117,450 total
Exercise/Conversion
Restricted Stock Units
2021-03-02−646→ 0 total
From: 2021-03-02Exp: 2021-03-02→ Class A Common Stock (646 underlying)
Exercise/Conversion
Restricted Class A Common Stock
2021-03-01−41,152→ 0 total
Sale
Class A Common Stock
2021-03-02$40.52/sh−25,000$1,013,000→ 92,450 total
Exercise/Conversion
Class A Common Stock
2021-03-02+646→ 93,096 total
Award
Restricted Stock Units
2021-03-02+646→ 646 total
From: 2021-03-02Exp: 2021-03-02→ Class A Common Stock (646 underlying)

Footnotes (6)

[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]Amount excludes 45,894 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person.
[F5]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.
[F6]Each RSU represents a contingent right to receive one share of Class A Common Stock.

Documents

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