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: Russo Evan L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Class A Common Stock	M	672	—	Acquired	66890	Direct
2019-03-01	Class A Common Stock	F	359	$37.43	Disposed	66531	Direct
2019-03-01	Class A Common Stock	M	27306	—	Acquired	93837	Direct
2019-03-01	Restricted Class A Common Stock	M	15672	—	Disposed	0	Direct
2019-03-01	Class A Common Stock	M	15672	—	Acquired	109509	Direct
2019-03-01	Class A Common Stock	F	22875	$37.43	Disposed	86634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-01	Restricted Stock Units	$	A	1661	Acquired		Class A Common Stock (1661)	Direct
2019-03-01	Restricted Stock Units	$	M	672	Disposed	2019-03-01	Class A Common Stock (672)	Direct
2019-03-01	Restricted Stock Units	$	M	27306	Disposed	2019-03-01	Class A Common Stock (27306)	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 the RSUs and Restricted Class A Common Stock referenced in Footnote (1).

F4: Amount excludes 4,080 Performance-based Restricted Stock Units directly or indirectly owned by the reporting person.

F5: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying Performance-based Restricted Stock Unit and RSU awards.

F6: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F7: Of these RSUs, 672 vested on March 1, 2019, 421 will vest on or around March 2, 2020, and 568 will vest on or around March 1, 2021.