Lazard, Inc. — Director's Dealing 2012

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2012-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	Class A common stock	M	35280	—	Acquired	696030	Direct
2012-03-01	Class A common stock	F	16229	$30.46	Disposed	679801	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Restricted Stock Units	$	M	35280	Disposed	2012-03-01	Class A common stock (35280)	Direct

Footnotes

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

F2: Amount includes 240,782 shares of unrestricted Class A common stock and 455,248 shares of restricted Class A common stock.

F3: Shares withheld by the Company to cover estimated taxes.

F4: Amount includes 224,553 shares of unrestricted Class A common stock and 455,248 shares of restricted Class A common stock.

F5: Each Restricted Stock Unit represented a contingent right to receive one share of Class A common stock of Lazard Ltd.