Jones Ellis 4
4 · Lazard Ltd · Filed Feb 17, 2009
Insider Transaction Report
Form 4
Lazard LtdLAZ
Jones Ellis
Director
Transactions
- Award
Deferred Stock Units
2009-02-13+825→ 12,876.831 total→ Class A common stock (825 underlying)
Footnotes (2)
- [F1]The reporting person elected to receive additional Deferred Stock Units under the Directors' Fee Deferral Unit Plan, which allows Non-Executive Directors to elect to receive additional Deferred Stock Units pursuant to either the 2005 Equity Incentive Plan or the 2008 Incentive Compensation Plan, in lieu of some or all of their quarterly cash fees.
- [F2]The Deferred Stock Units of Lazard Ltd shall be converted into Lazard Ltd Class A common stock on a one-for-one basis upon the reporting person's retirement or resignation from the Board of Directors of Lazard Ltd.