Lazard, Inc. — Director's Dealing 2014

Feb 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2014-02-21

Reporting Person: BHUTANI ASHISH (Director, CEO of Lazard Asset Management)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-21	Restricted Stock Units	$	A	1998	Acquired		Class A common stock (1998)	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 1,998 Restricted Stock Units acquired, 846 vest on March 3, 2014, 756 vest on March 2, 2015 and 395 vest on March 1, 2016.

F4: Amount excludes 306,597 shares of Class A common stock and 42,400 Performance-based Restricted Stock Units beneficially owned by the reporting person.