Lazard, Inc. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2011-02-25

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Restricted Stock Units	$	A	1385	Acquired		Class A common stock (1385)	Direct

Footnotes

F1: Additional Restricted Stock Units were acquired pursuant to the dividend equivalent reinvestment provisions of the underlying Restricted Stock Unit Award.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock of Lazard Ltd.

F3: Of the 1,385 Restricted Stock Units acquired: 870 vest on March 31, 2011; 100 vest on March 1, 2012; and 415 vest on March 1, 2013.