Lazard, Inc. — Director's Dealing 2012

Feb 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2012-02-10

Reporting Person: JORDAN VERNON E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-10	Class A common stock	A	37591	—	Acquired	122385	Direct
2012-02-10	Class A common stock	F	16240	$27.40	Disposed	106145	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 3, 2014 and the other 66.67% on March 2, 2015.

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