Lazard, Inc. — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lazard Ltd (LAZ)
CIK: 0001311370
Period of Report: 2020-02-28

Reporting Person: RAGONE DOMINICK (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Restricted Class A Common Stock	A	107	—	Acquired	20425	Direct
2020-03-02	Class A Common Stock	M	6146	—	Acquired	19677	Direct
2020-03-02	Restricted Class A Common Stock	M	3489	—	Disposed	16936	Direct
2020-03-02	Class A Common Stock	M	3489	—	Acquired	23166	Direct
2020-03-02	Class A Common Stock	F	3274	$35.82	Disposed	19892	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-28	Restricted Stock Units	$	A	353	Acquired		Class A Common Stock (353)	Direct
2020-03-02	Restricted Stock Units	$	M	6146	Disposed	2020-03-02	Class A Common Stock (6146)	Direct

Footnotes

F1: The Restricted Class A Common Stock will vest in two tranches: approximately 33% will vest on or around March 1, 2022 and approximately 67% will vest on or around March 1, 2023.

F2: Additional shares of Restricted Class A Common Stock were acquired pursuant to the dividend equivalent reinvestment provisions of underlying restricted stock awards.

F3: 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.

F4: 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.

F5: 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 (3).

F6: Additional RSUs were acquired pursuant to the dividend equivalent reinvestment provisions of underlying RSU awards.

F7: Each RSU represents a contingent right to receive one share of Class A Common Stock.

F8: Of these RSUs, 81 vested on March 2, 2020, 88 will vest on or around March 1, 2021, 113 will vest on or around March 1, 2022 and 71 will vest on or around March 1, 2023.