Lazard, Inc. — Director's Dealing 2011

Feb 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2011-02-10

Reporting Person: JORDAN VERNON E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-10	Class A common stock	A	28185	—	Acquired	96914	Direct
2011-02-10	Class A common stock	F	12120	$45.26	Disposed	84794	Direct

Footnotes

F1: As the reporting person is retirement eligible pursuant to the terms of Lazard's RSU Retirement Policy, he was awarded restricted stock in lieu of restricted stock units. Pursuant to the reporting person's election under section 83(b) of the Internal Revenue Code, the restricted stock was taxable upon grant. The shares of restricted stock will vest in two tranches, 33.33% on March 1, 2013 and the other 66.67% on March 3, 2014.

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