Lazard, Inc. — Director's Dealing 2016

May 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2016-05-13

Reporting Person: RAGONE DOMINICK (Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-13	Restricted Stock Units	$	A	167	Acquired		Class A Common Stock (167)	Direct

Footnotes

F1: Additional Restricted Stock Units ("RSUs") were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F2: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F3: Of these RSUs, 55 will vest on or around March 1, 2017, 59 will vest on or around March 1, 2018, and 53 will vest on or around March 1, 2019.

F4: Amount excludes 1,368 shares of Class A Common Stock and 6,172 shares of restricted Class A Common Stock beneficially owned by the reporting person.