Lazard, Inc. — Director's Dealing 2012

Nov 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2012-11-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-15	Class A common stock	C	204531	—	Acquired	884332	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-15	Class II Interests of LAZ-MD Holdings LLC	$	C	204531	Disposed		Class A Common Stock (204531)	Direct

Footnotes

F1: The shares of Class A common stock were acquired upon the exchange of Class II Interests of LAZ-MD Holdings LLC.

F2: The Class II Interests of LAZ-MD Holdings LLC are exchangeable on a one-for-one basis for Class A comon stock of Lazard Ltd.

F3: Amount excludes 552,352 previously granted Restricted Stock Units.