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: Stern Alexander F. (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-10	Restricted Stock Unit	$	A	72126	Acquired		Class A common stock (72126)	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock of Lazard Ltd.

F2: The Restricted Stock Units granted on February 10, 2011 will vest in two tranches, 33.33% on March 1, 2013 and the other 66.67% on March 3, 2014.