Lazard, Inc. — Director's Dealing 2014

May 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2014-05-12

Reporting Person: Hoffman Scott D (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-12	Class A common stock	S	40000	$49.65	Disposed	46879	Direct

Footnotes

F1: Represents shares of Class A common stock sold to the Company.

F2: Represents the New York Stock Exchange closing price of Class A common stock on the transaction date.

F3: Amount excludes 60,298 Restricted Stock Units and 20,094 Performance-based Restricted Stock Units beneficially owned by the reporting person.