Lazard, Inc. — Director's Dealing 2019

Mar 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2019-03-01

Reporting Person: RAGONE DOMINICK (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Class A Common Stock	M	180	—	Acquired	9594	Direct
2019-03-01	Class A Common Stock	F	89	$37.43	Disposed	9505	Direct
2019-03-01	Class A Common Stock	M	7268	—	Acquired	16773	Direct
2019-03-01	Restricted Class A Common Stock	M	5859	—	Disposed	3489	Direct
2019-03-01	Class A Common Stock	M	5859	—	Acquired	22632	Direct
2019-03-01	Class A Common Stock	F	4808	$37.43	Disposed	17824	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-01	Restricted Stock Units	$	A	610	Acquired		Class A Common Stock (610)	Direct
2019-03-01	Restricted Stock Units	$	M	180	Disposed	2019-03-01	Class A Common Stock (180)	Direct
2019-03-01	Restricted Stock Units	$	M	7268	Disposed	2019-03-01	Class A Common Stock (7268)	Direct

Footnotes

F1: Shares of unrestricted 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, as applicable.

F3: Represents the New York Stock Exchange closing price of Class A Common Stock on the trading day immediately preceding the vesting date of RSUs and Restricted Class A Common Stock referenced in Footnote (1).

F4: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F5: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F6: Of these RSUs, 180 vested on March 1, 2019, 140 will vest on or around March 2, 2020, 155 will vest on or around March 1, 2021, and 135 will vest on or around March 1, 2022.