Lazard, Inc. — Director's Dealing 2017

Nov 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2017-11-17

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-17	Restricted Stock Units	$	A	2991	Acquired		Class A Common Stock (2991)	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: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F3: Of these RSUs, 820 will vest on or around March 1, 2018, 1,264 will vest on or around March 1, 2019, and 907 will vest on or around March 2, 2020.

F4: Amount excludes 101,184 shares of Class A Common Stock and 69,778 PRSUs directly or indirectly beneficially owned by the reporting person.