Lazard, Inc. — Director's Dealing 2018

Mar 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2018-03-01

Reporting Person: Russo Evan L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-01	Restricted Class A Common Stock	M	9969	—	Disposed	15672	Direct
2018-03-01	Class A Common Stock	M	30564	—	Acquired	82118	Direct
2018-03-01	Class A Common Stock	F	15900	$53.97	Disposed	66218	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Restricted Stock Units	$	M	20595	Disposed	2018-03-01	Class A Common Stock (20595)	Direct

Footnotes

F1: Shares of Class A Common Stock were acquired upon the vesting of the relevant portion of prior grants of Restricted Stock Units ("RSUs") and Restricted Class A Common Stock, including certain RSUs that had been acquired pursuant to the dividend equivalent reinvestment provisions of the underlying RSU awards.

F2: Represents shares of Class A Common Stock withheld by the Company to cover taxes arising from the vesting of RSUs and Restricted Class A Common Stock.

F3: Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date.

F4: Each RSU represents a contingent right to receive one share of Class A Common Stock.