Lazard, Inc. — Director's Dealing 2014

May 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2014-05-23

Reporting Person: Hoffman Scott D (General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-23	Restricted Stock Units	$	A	871	Acquired		Class A common stock (871)	Direct

Footnotes

F1: Additional Restricted Stock Units were acquired pursuant to the dividend equivalent reinvestment provisions of underlying Restricted Stock Unit and Performance-based Restricted Stock Unit awards.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock of Lazard Ltd.

F3: Of the 871 Restricted Stock Units acquired, 405 vest on or around March 2, 2015, 200 vest on or around March 1, 2016 and 266 vest on or around March 1, 2017.

F4: Amount excludes 46,879 shares of Class A common stock and 20,094 Performance-based Restricted Stock Units beneficially owned by the reporting person.