Lazard, Inc. — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2014-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-27	Class A common stock	M	567	—	Acquired	307164	Direct
2014-02-27	Class A common stock	F	293	—	Disposed	306871	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-27	Restricted Stock Units	$	M	567	Disposed	2014-02-27	Class A common stock (567)	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 withheld by the Company to cover estimated taxes arising from the vesting of Restricted Stock Units.

F3: Amount excludes 42,400 Performance-based Restricted Stock Units beneficially owned by the reporting person.

F4: Each Restricted Stock Unit represented a contingent right to receive one share of Class A common stock.