Lazard, Inc. — Director's Dealing 2014

Feb 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2014-02-11

Reporting Person: Stern Alexander F. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-11	Class A common stock	M	44312	—	Acquired	105391	Direct
2014-02-11	Class A common stock	D	21757	$43.00	Disposed	83634	Direct
2014-02-11	Class A common stock	S	17565	$43.07	Disposed	66069	Direct
2014-02-12	Class A common stock	S	44312	$42.79	Disposed	21757	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-11	Restricted Stock Units	$	M	44312	Disposed	2014-02-11	Class A common stock (44312)	Direct

Footnotes

F1: Shares of Class A common stock were acquired upon the vesting of Restricted Stock Units.

F2: Represents shares of Class A common stock sold to the Company to cover estimated taxes arising from the vesting of Restricted Stock Units.

F3: Represents the New York Stock Exchange closing price of Class A common stock on the vesting date, February 11, 2014.

F4: Amount excludes 135,292 Restricted Stock Units and 13,701 Performance-based Restricted Stock Units beneficially owned by the reporting person.

F5: Each Restricted Stock Unit represented a contingent right to receive one share of Class A common stock.