Lazard, Inc. — Director's Dealing 2017

Jun 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2017-05-30

Reporting Person: Turner Michael J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-30	Class A Common Stock	M	43464	—	Acquired	43464	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-30	Deferred Stock Units	$	M	43464	Disposed		Class A Common Stock (43464)	Direct

Footnotes

F1: On April 25, 2017, the reporting person retired from the Board of Directors of Lazard Ltd. The reporting person acquired shares of Class A common stock on May 30, 2017 in connection with the settlement of Deferred Stock Units ("DSUs") that had been awarded to the reporting person under Lazard Ltd's 2008 Incentive Compensation Plan and 2005 Equity Incentive Plan as part of the Non-Executive Director Compensation arrangement.

F2: The DSUs were converted into Class A common stock on a one-for-one basis.