Lazard, Inc. — Director's Dealing 2017

May 18, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2017-05-16

Reporting Person: Hoffman Scott D (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-16	Class A Common Stock	S	35000	$45.128	Disposed	43607	Direct

Footnotes

F1: - Reflects a weighted average purchase price of $45.128 per share, at prices ranging from $45.000 to $45.428 per share. The reporting person will provide, upon request by the staff of the Securities and Exchange Commission, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.

F2: - Amount excludes 40,256 Performance-based Restricted Stock Units and 18,074 Restricted Stock Units beneficially owned by the reporting person.