Lazard, Inc. — Director's Dealing 2011

Apr 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2011-03-31

Reporting Person: JACOBS KENNETH M (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-31	Class A common stock	M	303657	—	Acquired	345184	Direct
2011-03-31	Class A common stock	F	139682	$41.95	Disposed	205502	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-31	Restricted Stock Units	$	M	303657	Disposed	2011-03-31	Class A common stock (303657)	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.