BHUTANI ASHISH (CEO of Lazard Asset Management) exercised options at LAZARD, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 3/3/2022ACC: 0001209191-22-015942
DirectorOfficer· CEO of Lazard Asset Management
Since Aug 2018
-95.46K
Net shares
Net seller
$3.30M
Total sold
0
Open market trades
0B · 0S
3
Total transactions
217.94K acquired · 313.39K disposed
Non-Derivative Transactions2
Class A Common Stock
Direct
Shares
+217.94K
Price / share
—
Trade value
—
% of position
30.6%
3/1/2022
712.43K→930.37K
Class A Common Stock
Direct
Shares
−95.46K
Price / share
$34.58
Trade value
$3.30M
% of position
10.3%
3/1/2022
930.37K→834.91K
Total
Net shares
+122.48K
Net value
-$3.30M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Direct | 3/1/2022 | M · Option Exercise | +217.94K | — | — | 30.6% | 712.43K | 930.37K |
| Class A Common Stock Direct | 3/1/2022 | D · Disposition | −95.46K | $34.58 | $3.30M | 10.3% | 930.37K | 834.91K |
| Total | +122.48K | -$3.30M | ||||||
Derivative Transactions1
Performance-based Restricted Participation Units
Direct
Converts to
Class A Common Stock
217.94K shares
Shares
−217.94K
Strike price
Held after
49.34K
Exercisable
—
3/1/2022
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance-based Restricted Participation Units Direct | Class A Common Stock217.94K shares | 3/1/2022 | M · Option Exercise | −217.94K | — | 49.34K |