lazardamend1.htm

 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934*
 
(Amendment No. 1)

Lazard Ltd
(Name of Issuer)
 
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
G54050102
(CUSIP Number)
 
December 31, 2013
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[  ]  Rule 13d-1(b)
[  ]  Rule 13d-1(c)
[X]  Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
 
 

CUSIP No.  G54050102
13G
Page     2  of  26        Pages

1
NAME OF REPORTING PERSON
 
Nelson Peltz
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,394,704
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
7,394,704
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,394,704
10
CHECK  IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7%*
12
TYPE OF REPORTING PERSON ((See Instructions)
 
IN
 

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Quarterly Report on  Form 10-Q for the quarterly period ended September 30, 2013 (the “Form 10-Q”).

 

 
 
 
 


CUSIP No.  G54050102
13G
Page     3  of  26        Pages

1
NAME OF REPORTING PERSON
 
Peter W. May
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,394,704
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
7,394,704
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,394,704
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
IN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     4  of  26        Pages

1
NAME OF REPORTING PERSON
 
Edward P. Garden
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,394,704
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
7,394,704
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,394,704
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
IN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     5  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Fund Management, L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,394,704
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
7,394,704
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,394,704
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.7%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     6  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Fund Management GP, LLC
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
7,394,704
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
7,394,704
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,394,704
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 (See Instructions)
5.7%*
12
TYPE OF REPORTING PERSON
 
OO

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No. G54050102
13G
Page     7  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Parallel Fund I, L.P.
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
160,940
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
160,940
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
160,940
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.1%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     8 of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners, L.P.
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
1,099,276
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
1,099,276
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,099,276
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.9%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     9  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Master Fund, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
3,137,657
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
3,137,657
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,137,657
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
2.4%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     10  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Strategic Investment Fund, L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
1,257,960
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
1,257,960
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,257,960
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
1.0%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN
   
*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 
   
CUSIP No.  G54050102
13G
Page     11  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Strategic Investment Fund II, L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
716,424
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
716,424
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
716,424
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.6%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     12  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Strategic Investment Fund-A, L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
539,631
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
539,631
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
539,631
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.4%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN
   
*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 
CUSIP No.  G54050102
13G
Page     13  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Strategic Investment Fund-D, L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
386,976
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
386,976
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
386,976
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.3%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN
   
*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 
     
CUSIP No.  G54050102
13G
Page      14  of  26        Pages

1
NAME OF REPORTING PERSON
 
Trian Partners Master Fund (ERISA), L.P.
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [  ]
 
(b) [x]
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
 
5
SOLE VOTING POWER
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
95,840
EACH
REPORTING
PERSON
WITH
7
SOLE DISPOSITIVE POWER
 
 
 
8
SHARED DISPOSITIVE POWER
 
95,840
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
95,840
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0.1%*
12
TYPE OF REPORTING PERSON (See Instructions)
 
PN

*This calculation is rounded off to the nearest tenth and is based upon 129,056,081 shares of Class A Common Stock outstanding as of October 23, 2013 as reported in the Company’s Form 10-Q.

 

 
 
 
 

CUSIP No.  G54050102
13G
Page     15  of  26        Pages

 
Item 1(a):                      Name of Issuer:
 
The name of the issuer is Lazard Ltd, a company organized under the laws of Bermuda (the “Company”).
 
Item 1(b):                      Address of Issuer’s Principal Executive Offices:
 
The Company’s principal executive office is located at Clarendon House, 2 Church Street, Hamilton, HM11, Bermuda.
 
Item 2(a):                      Name of Person Filing:
 
The persons filing this statement are Trian Partners, L.P., a Delaware limited partnership (“Trian Onshore”), Trian Partners Master Fund, L.P., a Cayman Islands limited partnership (“Trian Offshore”), Trian Partners Parallel Fund I, L.P., a Delaware limited partnership (“Parallel Fund I”), Trian Partners Strategic Investment Fund, L.P., a Delaware limited partnership (“TPSIF”), Trian Partners Strategic Investment Fund II, L.P., a Delaware limited partnership (“TPSIF II”), Trian Partners Strategic Investment Fund-A, L.P., a Delaware limited partnership (“TPSIF-A”), Trian Partners Strategic Investment Fund-D, L.P., a Cayman Islands limited partnership (“TPSIF-D”), Trian Partners Master Fund (ERISA), L.P., a Cayman Islands limited partnership (“Trian ERISA” and collectively with Trian Onshore, Trian Offshore, Parallel Fund I, TPSIF, TPSIF II, TPSIF-A, and TPSIF-D, the “Trian Funds”), Trian Fund Management, L.P., a Delaware limited partnership (“Trian Management”), and Trian Fund Management GP, LLC, a Delaware limited liability company (“Trian Management GP” and together with Trian Management and the Trian Funds, the “Trian Entities”), Nelson Peltz, Peter W. May and Edward P. Garden (the Trian Entities and Messrs. Peltz, May and Garden are sometimes hereinafter referred to collectively as the “Reporting Persons”).
 
Trian Management GP is the general partner of Trian Management, which serves as the management company for each of the Trian Funds.  Trian Management GP is controlled by Messrs. Peltz, May and Garden, who therefore are in a position to determine the investment and voting decisions made by Trian Management, Trian Management GP and the Trian Funds.  Each of Trian Management GP, Trian Management, Nelson Peltz, Peter W. May and Edward P. Garden, by virtue of their relationships to the Trian Funds, may be deemed to have shared voting power and shared dispositive power with regard to, and therefore may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Act”)), the shares of Common Stock (as defined in Item 2(d) below) that each of the Trian Funds directly and beneficially owns. Each of Trian Management GP, Trian Management, Nelson Peltz, Peter W. May and Edward P. Garden disclaims beneficial ownership of such shares of Common Stock for all other purposes.  The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit I, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.
 
Item 2(b):
Address of Principal Business Office or, if None, Residence:
 
The address of the principal business office of each of the Reporting Persons is 280 Park Ave, 41st Floor, New York, New York 10017, except that the principal business address of Trian Offshore, TPSIF-D and Trian ERISA is Gardenia Court, Suite 3307, 45 Market Street, Camana Bay, Grand Cayman, Cayman Islands, KY1-1205.
 

 
 
 
 

 
CUSIP No.  G54050102
13G
Page     16  of  26        Pages

 
Item 2(c):                      Citizenship:
 
Trian Onshore, Parallel Fund I, TPSIF, TPSIF II, TPSIF-A and Trian Management are Delaware limited Partnerships.  Trian Management GP is a Delaware limited liability company.  Trian Offshore, TPSIF-D and Trian ERISA are Cayman Islands limited partnerships. Messrs. Peltz, May and Garden are United States citizens.
 
Item 2(d):                      Title of Class of Securities:
 
Class A Common Stock, par value $0.01 (“Common Stock”).
 
Item 2(e):                      CUSIP Number:
 
       G54050102

Item 3:
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
A.  
[ ] Broker or dealer registered under Section 15 of the
 
    Act,
B.  
[ ] Bank as defined in Section 3(a)(6) of the Act,
C.  
[ ] Insurance Company as defined in Section 3(a)(19) of the
 
    Act,
D.  
[ ] Investment Company registered under Section 8 of the
 
    Investment Company Act of 1940,
E.  
[ ] Investment Adviser in accordance with Rule
 
    13d-1 (b)(1)(ii)(E),
F.  
[ ] Employee Benefit Plan or Endowment Fund in accordance
 
    with 13d-1 (b)(1)(ii)(F),
G.  
[ ] Parent Holding Company or control person in accordance
 
    with Rule 13d-1 (b)(1)(ii)(G),
H.  
[ ] Savings Association as defined in Section 3(b) of the
 
    Federal Deposit Insurance Act,
I.  
[ ] Church Plan that is excluded from the definition of an
 
    investment company under Section 3(c)(14) of the
 
    Investment Company Act of 1940,
J.  
[ ] Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
K.  
[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:
 

 
 
 
 
 
CUSIP No.  G54050102
13G
Page     17  of  26        Pages
Item 4:                                Ownership:
 
The percentages used herein are calculated based upon 129,056,081 shares of Class A Common Stock issued and outstanding as of October 23, 2013, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed with the Securities and Exchange Commission on October 29, 2013.  
 
As of the close of business on December 31, 2013:
 
 
1.  Nelson Peltz
 
 (a) Amount beneficially owned: 7,394,704
 
 (b) Percent of class: 5.7%
 
 (c)Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote:0
 
 (ii) Shared power to vote or direct the vote: 7,394,704
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 7,394,704
   
 
2.  Peter W. May
 
 (a) Amount beneficially owned: 7,394,704
 
 (b) Percent of class: 5.7%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote: 7,394,704
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 7,394,704
   
 
3.  Edward P. Garden
 
 (a) Amount beneficially owned:  7,394,704
 
 (b) Percent of class: 5.7%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote: 7,394,704
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 7,394,704
   
 
4. Trian Fund Management, L.P.
 
 (a) Amount beneficially owned: 7,394,704
 
 (b) Percent of class: 5.7%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote: 7,394,704
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 7,394,704
   
 
5.  Trian Fund Management, GP LLC
 
 (a) Amount beneficially owned: 7,394,704
 
 (b) Percent of class: 5.7%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote: 7,394,704
 
 (iii) Sole power to dispose or direct the disposition: 0
   (iv) Shared power to dispose or direct the disposition: 7,394,704
 
 
 
 
 
   
CUSIP No.  G54050102
13G
Page     18  of  26        Pages
  
     
 
6.  Trian Partners Parallel Fund I, L.P.
 
 (a) Amount beneficially owned: 160,940
 
 (b) Percent of class: 0.1%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote:160,940
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 160,940
   
 
7.  Trian Partners, L.P.
 
 (a) Amount beneficially owned:  1,099,276
 
 (b) Percent of class: 0.9%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote: 1,099,276
 
 (iii) Sole power to dispose or direct the disposition:  0
 
 (iv) Shared power to dispose or direct the disposition:  1,099,276
   
 
8. Trian Partners Master Fund, L.P.
 
 (a) Amount beneficially owned: 3,137,657
 
 (b) Percent of class: 2.4%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote:  3,137,657
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 3,137,657

 
9.  Trian Partners Strategic Investment Fund, L.P.
 
 (a) Amount beneficially owned:  1,257,960
 
 (b) Percent of class: 1.0%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote:  1,257,960
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 1,257,960
   
 
10.  Trian Partners Strategic Investment Fund II, L.P.
 
 (a) Amount beneficially owned:  716,424
 
 (b) Percent of class: 0.6%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote: 0
 
 (ii) Shared power to vote or direct the vote:  716,424
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 716,424
   
 
11.  Trian Partners Strategic Investment Fund-A, L.P.
 
 (a) Amount beneficially owned:  539,631
 
 (b) Percent of class: 0.4%
 
 (c)(i) Sole power to vote or direct the vote:  0
 
 (ii) Shared power to vote or direct the vote: 539,631
 
 (iii) Sole power to dispose or direct the disposition:  0
 
 (iv) Shared power to dispose or direct the disposition: 539,631

 
 
 
 
CUSIP No.  G54050102
13G
Page     19  of  26        Pages

 
   
 
12.  Trian Partners Strategic Investment Fund-D, L.P.
 
 (a) Amount beneficially owned:  386,976
 
 (b) Percent of class: 0.3%
 
 (c)(i) Sole power to vote or direct the vote:  0
 
 (ii) Shared power to vote or direct the vote: 386,976
 
 (iii) Sole power to dispose or direct the disposition:  0
 
 (iv) Shared power to dispose or direct the disposition: 386,976
   
 
13.  Trian Partners Master Fund (ERISA), L.P.
 
 (a) Amount beneficially owned:  95,840
 
 (b) Percent of class: 0.1%
 
 (c) Number of shares as to which the person has:
 (i) Sole power to vote or direct the vote:  0
 
 (ii) Shared power to vote or direct the vote: 95,840
 
 (iii) Sole power to dispose or direct the disposition: 0
 
 (iv) Shared power to dispose or direct the disposition: 95,840
   


 
 
 


CUSIP No.  G54050102
13G
Page     20  of  26        Pages

 
Item 5:                      Ownership of Five Percent or Less of a Class:
 
Not Applicable
 
Item 6:                      Ownership of More than Five Percent on Behalf of Another Person:
 
 
Not Applicable.
 
 Item 7:
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
 
Not Applicable.
 
Item 8:                      Identification and Classification of Members of the Group:
 
Not Applicable.
 
Item 9:                      Notice of Dissolution of Group:
 
Not Applicable.
 
Item 10:                      Certifications:
 
Not Applicable.

 
 
 

CUSIP No.  G54050102
13G
Page     21  of  26        Pages

SIGNATURES
 
 After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
 Dated: February 14, 2014
 
 
TRIAN FUND MANAGEMENT, L.P.
By:  Trian Fund Management GP, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN FUND MANAGEMENT GP, LLC
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS, L.P.
    By: Trian Partners GP, L.P., its general partner
            By: Trian Partners General Partner, LLC,
                    its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS MASTER FUND, L.P.
     By: Trian Partners GP, L.P., its general partner
             By: Trian Partners General Partner, LLC,
                     its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
TRIAN PARTNERS PARALLEL FUND I, L.P.
     By: Trian Partners Parallel Fund I
            General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member 
 
 
 
CUSIP No.  G54050102
13G
Page     22  of  26        Pages

 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND, L.P.
     By: Trian Partners Strategic Investment
            Fund GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND II, L.P.
     By: Trian Partners Strategic Investment
            Fund II GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund II General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND-A, L.P.
    By: Trian Partners Strategic Investment
           Fund-A GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund-A General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND-D, L.P.
    By: Trian Partners Strategic Investment
           Fund-D GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund-D General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 

 
 
 
 

 
CUSIP No.  G54050102
13G
Page     23  of  26        Pages

 
 
TRIAN PARTNERS MASTER FUND (ERISA), L.P.
     By: Trian Partners (ERISA) GP, L.P., its general partner
By: Trian Partners (ERISA) General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
   
   
/s/NELSON PELTZ                        
NELSON PELTZ
 
 
   
 
/s/PETER W. MAY                         
PETER W. MAY
   
   
/s/EDWARD P. GARDEN               
EDWARD P. GARDEN
   
   
 
 
 

CUSIP No.  G54050102
13G
Page      24  of  26        Pages

 
  Exhibit I
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A Common Stock, par value $0.01 per share, of Lazard Ltd and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 14th day of February, 2014.
 
 
TRIAN FUND MANAGEMENT, L.P.
     By:  Trian Fund Management GP, LLC,
              its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN FUND MANAGEMENT GP, LLC
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS, L.P.
    By: Trian Partners GP, L.P., its general partner
 By: Trian Partners General Partner, LLC,
         its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS MASTER FUND, L.P.
     By: Trian Partners GP, L.P., its general partner
By: Trian Partners General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 

 
 
 
CUSIP No.  G54050102
13G
Page     25  of  26        Pages

 
 
TRIAN PARTNERS PARALLEL FUND I, L.P.
     By: Trian Partners Parallel Fund I
             General Partner, LLC, its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
  
TRIAN PARTNERS STRATEGIC INVESTMENT FUND, L.P.
     By: Trian Partners Strategic Investment
             Fund GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 

 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND II, L.P.
     By: Trian Partners Strategic Investment
             Fund II GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund II General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS MASTER FUND (ERISA), L.P.
     By: Trian Partners (ERISA) GP, L.P.,
              its general  partner
By: Trian Partners (ERISA) General Partner, LLC,
its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 

 
 
 
CUSIP No.  G54050102
13G
Page     26  of  26        Pages

 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND-A, L.P.
     By: Trian Partners Strategic Investment
             Fund-A GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund-A General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 
 
 
TRIAN PARTNERS STRATEGIC INVESTMENT FUND-D, L.P.
     By: Trian Partners Strategic Investment
             Fund-D GP, L.P., its general partner
By: Trian Partners Strategic Investment
       Fund-D General Partner, LLC,
        its general partner
 
 
By:   /s/EDWARD P. GARDEN                   
Name:   Edward P. Garden
Title:     Member
 

 
 
 
 
/s/NELSON PELTZ                        
NELSON PELTZ
 
 
 
 
 
 
/s/PETER W. MAY                         
PETER W. MAY
 
  
 
 
 
 
 
/s/EDWARD P. GARDEN               
EDWARD P. GARDEN