Sec Form 4 Filing - Stern Alexander F. @ Lazard Ltd - 2021-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Stern Alexander F.
2. Issuer Name and Ticker or Trading Symbol
Lazard Ltd [ LAZ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2021
(Street)
NEW YORK, NY10112
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/01/2021 M 136,364 A 324,585 D
Class A Common Stock 03/01/2021 M 15,675 A 340,260 D
Class A Common Stock 03/01/2021 D 74,439 ( 2 ) D $ 38.69 ( 3 ) 265,821 D
Class A Common Stock 03/01/2021 S 50,000 ( 4 ) D $ 38.69 ( 5 ) 215,821 D
Class A Common Stock 03/02/2021 M 1,756 A 217,577 ( 6 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance-based Restricted Stock Units ( 7 ) 03/01/2021 M 136,364 03/01/2021 03/01/2021 Class A Common Stock 136,364 ( 7 ) 0 D
Restricted Stock Units ( 8 ) 03/01/2021 M 15,675 03/01/2021 03/01/2021 Class A Common Stock 15,675 ( 8 ) 0 D
Restricted Stock Units ( 9 ) ( 8 ) 03/02/2021 A 1,756 03/02/2021 03/02/2021 Class A Common Stock 1,756 ( 8 ) 1,756 D
Restricted Stock Units ( 8 ) 03/02/2021 M 1,756 03/02/2021 03/02/2021 Class A Common Stock 1,756 ( 8 ) 0 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stern Alexander F.
C/O LAZARD LTD
30 ROCKEFELLER PLAZA
NEW YORK, NY10112
President
Signatures
/s/ Alexander F. Stern by Scott D. Hoffman under a P of A 03/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares of 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.
( 2 )Represents shares of Class A Common Stock sold to the Company to cover estimated taxes arising from the vesting of PRSUs and RSUs.
( 3 )Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of PRSUs and RSUs referenced in Footnote (1).
( 4 )Represents shares of Class A Common Stock sold to the Company.
( 5 )Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the transaction date.
( 6 )Amount excludes 88,278 Performance-based Restricted Participation Units directly or indirectly owned by the reporting person.
( 7 )Each PRSU (the performance conditions of which have been satisfied) represents a contingent right to receive one share of Class A Common Stock.
( 8 )Each RSU represents a contingent right to receive one share of Class A Common Stock.
( 9 )Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying PRSUs and RSUs described in Footnote (1) above that were outstanding on the dividend record date and that vested on March 1, 2021. These RSUs vested on March 2, 2021.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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