Lazard, Inc. — Director's Dealing 2012

May 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2012-05-25

Reporting Person: BHUTANI ASHISH (Director, Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-25	Restricted Stock Units	$	A	3709	Acquired		Class A common stock (3709)	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 3,709 Restricted Stock Units acquired: 2,028 vest on March 1, 2013; 1,013 vest on March 3, 2014; and 668 vest on March 2, 2015.