Lazard, Inc. — Director's Dealing 2016

Aug 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2016-08-19

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-19	Restricted Stock Units	$	A	3313	Acquired		Class A Common Stock (3313)	Direct

Footnotes

F1: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying Performance-based Restricted Stock Unit ("PRSU") awards.

F2: Amount excludes 447,916 shares of Class A Common Stock and 56,177 PRSUs beneficially owned by the reporting person.

F3: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F4: Of these RSUs, 888 will vest on or around March 1, 2017, 811 will vest on or around March 1, 2018, and 1,614 will vest on or around March 1, 2019.