Lazard, Inc. — Director's Dealing 2012

Dec 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2012-12-17

Reporting Person: Stern Alexander F. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-17	Class A Common Stock	A	85411	—	Acquired	153757	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-17	Restricted Stock Units	$0	M	85411	Disposed		Class A Common Stock (85411)	Direct

Footnotes

F1: The reporting person exchanged 85,411 previously granted Restricted Stock Units that were scheduled to vest on March 1, 2013 for 85,411 shares of restricted Class A Common Stock that are scheduled to vest on the same date. The restricted Class A Common Stock is subject to the same general terms and conditions of, and the restrictive covenants that applied to, the Restricted Stock Units exchanged by the reporting person.

F2: Each Restricted Stock Unit represented a contingent right to receive one share of Class A Common Stock.