Lazard, Inc. - Director's Dealing 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2013-03-01

Reporting Person: BHUTANI ASHISH (Director, Vice Chairman)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-01	Class A common stock	M	242671	—	Acquired	767518	Direct
2013-03-01	Class A common stock	F	124782	$35.90	Disposed	642736	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-01	Restricted Stock Units	$	M	242671	Disposed	2013-03-01	Class A common stock (242671)	Direct

F1: The reporting person acquired shares of Class A common stock upon the vesting of restricted stock units.

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

F3: Represents the New York Stock Exchange closing price of Class A common stock on February 28, 2013.

F4: Each restricted stock unit represented a contingent right to receive one share of Class A common stock.