5//SEC Filing
Parr Gary 5
Accession 0001311370-13-000002
CIK 0001311370other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 7:33 PM ET
Size
18.7 KB
Accession
0001311370-13-000002
Insider Transaction Report
Form 5
Lazard LtdLAZ
Parr Gary
Director
Transactions
- Conversion
Class A common stock
2012-11-15+150,045→ 1,170,547 total - Award
Class A common stock
2012-12-17+279,778→ 1,450,325 total - Disposition to Issuer
Class A common stock
2012-12-17$29.86/sh−128,698$3,842,922→ 1,321,627 total - Conversion
Class II Interests of LAZ-MD Holdings LLC
2012-11-15−150,045→ 0 totalExercise: $0.00→ Class A common stock (150,045 underlying) - Award
Restricted Stock Units
2012-11-23+3,500→ 542,951 totalExercise: $0.00→ Class A common stock (3,500 underlying) - Exercise/Conversion
Restricted Stock Units
2012-12-17−279,778→ 263,173 totalExercise: $0.00→ Class A common stock (279,778 underlying) - Award
Restricted Stock Units
2012-12-27+2,998→ 266,171 totalExercise: $0.00→ Class A common stock (2,998 underlying)
Footnotes (8)
- [F1]The shares of Class A common stock were acquired upon the exchange of Class II Interests of LAZ-MD Holdings LLC.
- [F2]The Class II Interests of LAZ-MD Holdings LLC were exchangeable on a one-for-one basis for Class A common stock of Lazard Ltd.
- [F3]Additional Restricted Stock Units were acquired pursuant to the dividend equivalent reinvestment provisions of the underlying Restricted Stock Unit award.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock.
- [F5]Of the 3,500 Restricted Stock Units acquired, 1,934 vest on March 1, 2013, 878 vest on March 3, 2014 and 688 vest on March 2, 2015.
- [F6]The reporting person exchanged 279,778 previously granted Restricted Stock Units that were scheduled to vest on March 1, 2013 for 279,778 shares of restricted Class A common stock that are scheduled to vest on the same date. The restricted Class A common stock is subject to the same general terms and conditions of, and the restrictive covenants that applied to, the Restricted Stock Units exchanged by the reporting person.
- [F7]The reporting person's receipt of restricted Class A common stock in exchange for the Restricted Stock Units gave rise to a tax on the date of the exchange. The reporting person entered into a forward stock purchase agreement with the Company under which, consistent with past practice, the reporting person agreed to sell to the Company the portion of such restricted Class A common stock representing the amount of such tax. The forward purchase agreement will settle on March 1, 2013 (i.e., the vesting date) at a price of $29.86 per share, which was the New York Stock Exchange closing price of Class A common stock on December 14, 2012.
- [F8]Of the 2,998 Restricted Stock Units acquired, 1,681 vest on March 3, 2014 and 1,317 vest on March 2, 2015.
Documents
Issuer
Lazard Ltd
CIK 0001311370
Entity typeother
Related Parties
1- filerCIK 0001478933
Filing Metadata
- Form type
- 5
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 7:33 PM ET
- Size
- 18.7 KB