Lazard, Inc. — Director's Dealing 2010

Apr 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2010-03-31

Reporting Person: Stern Alexander F. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-31	Class A common stock	M	33030	—	Acquired	33030	Direct
2010-03-31	Class A common stock	F	15195	$35.82	Disposed	17835	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-31	Restricted Stock Unit	$	M	33030	Disposed	2010-03-31	Class A common stock (33030)	Direct

Footnotes

F1: The shares of Class A common stock were acquired upon the vesting of Restricted Stock Units.

F2: Shares withheld by the Company to cover estimated taxes.

F3: Each Restricted Stock Unit represented a contingent right to receive one share of Class A common stock of Lazard Ltd.